ramsay09

Two Fractals Trendlines

ramsay09 Updated   
This study draws a trend line for the last two Bill Williams up-fractals and down-fractals.

Trend line break signals and alerts can optionally be added.
Release Notes:
Bug fixed.
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RSI filter added.
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Narrow range bar added.
Inside bar added.
Outside bar added.
Sandwich bar added.
Pin bar added.
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Narrow range bar added.
Fakey added.
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Improved the Fakey signal (F).
Added early Fakey signal (f).
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Minor changes.
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Plot Fractals added.
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Reverse fractals added.

Segments added (taken from Joe Ross' books). These Segments are an early trend detection method. I will add Segments to my "The Strategy - ..." script in the next days.
Release Notes:
Changed segment signal plotting. Now the segment signal is not deleted if a segment series is no longer valid. By definition, the segment signal cannot be repainted. The segments follow higher lows and lower highs.
Definition of a valid long signal: there are three segments and the current candle high is higher than the last candle high (high> high ).
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Tooltips added.
Trend line bug fixed.
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General description added.
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Minor changes.
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Groups added. Minor chnages.
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Pin bar detection improved and minor changes.
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Screenshot issue.
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Segments- signal and documentation improved/changed.
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EMA cloud added.
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Horizontal support and resistance lines added.
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Multi time frame classic pivot points added.
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Source for SR-lines added.
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Attributes of drawn objects added.
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Pin bar revised.
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Divergence signal and momentum indication added.
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Removed the momentum indicator. You can use the "RSI with BG" script for momentum indication where you can toggle between RSI and RSI Stochastic.
Minor changes/improvements.
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Quarterly classic pivot points added. Maximum outputs with this script reached.
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Minor changes.
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Uncommented daily and weekly pivot points (output restrictions). Added 6 month and 12 month pivot points.
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Script converted to Pine v5.
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Script revised.
1 week pivot point added.
Signals added/revised.
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HMA slope as background color added.
Trend line signals and bg signals can be displayed at the same time, now.
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Trend info panel added.
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Documentation issue.
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Bollinger Bands added.
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Minor modifications.
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Divergences labels removed.
Default settings changed.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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