"Bill Williams' Fractals" WITH Arrows & Levels

• 05/14/2017 at 7:47 PM #35504
  Doctrading

  Hi all,

  Sorry for being far from this site, these last weeks… I’m very busy, but still happy to trade and post some codes. These times I did prefer manual trading… but this trading is made with the help of custom indicators.

  Here is one of these indicators.

  As you know, there was already a code of the Fractals of Bill Williams on prorealcode.com.

  But I wanted to create this code myself.
  And I did add Arrows, so that you can visualize the fractals as if you were on Metatrader for example.

  On the picture, you can see : 

  • the support / resistance levels (in blue, but you can change the colors)
  • the fractals themselves (with arrows)

  You can change the period of the fractals.

  Best regards,

  // Code : Fractales // www.doctrading.fr // Visualisation des fractales avec flèches Arrow = 0 // Nombres de bougies constituant la fractale (impair) Ncandles = 5 // Nombres de bougies de chaque côté de la bougie extrême Nside = (Ncandles - 1) / 2 // Définition de la fractale supérieure IF high[Nside] >= highest[Ncandles](high) THEN Fup = high[Nside] Arrow = -1 ENDIF // Définition de la fractale inférieure IF low[Nside] <= lowest[Ncandles](low) THEN Fdown = low[Nside] Arrow = 1 ENDIF // Tracé des flèches IF Arrow = 1 THEN DRAWARROWUP(barindex[2],low[2]-Averagetruerange[5]/3)coloured(0,150,0) ELSIF Arrow = -1 THEN DRAWARROWDOWN(barindex[2],high[2]+Averagetruerange[5]/3)coloured(255,0,0) ENDIF Return Fup as "Fractale UP", Fdown as "Fractale DOWN"

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  // Code : Fractales // www.doctrading.fr   // Visualisation des fractales avec flèches Arrow = 0   // Nombres de bougies constituant la fractale (impair) Ncandles = 5   // Nombres de bougies de chaque côté de la bougie extrême Nside = (Ncandles - 1) / 2   // Définition de la fractale supérieure IF high[Nside] >= highest[Ncandles](high) THEN Fup = high[Nside] Arrow = -1 ENDIF   // Définition de la fractale inférieure IF low[Nside] <= lowest[Ncandles](low) THEN Fdown = low[Nside] Arrow = 1 ENDIF   // Tracé des flèches IF Arrow = 1 THEN DRAWARROWUP(barindex[2],low[2]-Averagetruerange[5]/3)coloured(0,150,0) ELSIF Arrow = -1 THEN DRAWARROWDOWN(barindex[2],high[2]+Averagetruerange[5]/3)coloured(255,0,0) ENDIF   Return Fup as "Fractale UP", Fdown as "Fractale DOWN"

   

   

  

  Doctrading

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  05/14/2017 at 7:54 PM #35509
  Nicolas

  Hi Doc, thanks for sharing your code.

  While reviewing it for the library, I stumble upon the bug of multiple arrows like in the picture attached, I don’t know if you are aware of it?

  The fractals with same design as MT4 has been coded in this topic already FYI: https://www.prorealcode.com/topic/indicateurs-bill-williams/#post-20690

   

   

  

  Nicolas

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  05/14/2017 at 8:20 PM #35511
  Doctrading

  Hello Nicolas,

  Actually I did test only on daily candles ; I didn’t see this bug…

  Sorry, I didn’t see that this indicator was already coded here !

  Best regards,

  

  Doctrading

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  05/14/2017 at 10:01 PM #35515
  Doctrading

  Strange, actually I have a but with fractals of 3 candles, but non with fractals of 5 candles…

  

  Doctrading

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  05/15/2017 at 7:33 AM #35525
  Nicolas

  The problem is that you continuously draw arrow at high or low 2 bars ago even if you have not find any new fractal. You should draw the arrow at fractal bar instead. You are trying to reinvent the wheel 🙂 there are already many codes that spot fractals points:

  https://www.prorealcode.com/prorealtime-indicators/bill-williams-fractals/

  https://www.prorealcode.com/topic/indicateurs-bill-williams/

  https://www.prorealcode.com/prorealtime-indicators/fractals-zigzag/

  https://www.prorealcode.com/prorealtime-indicators/multi-fractals-zigzag-highlow/

  https://www.prorealcode.com/prorealtime-indicators/bar-count-reversals-pivot-points-highlow/

  

  Nicolas

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  04/26/2018 at 9:45 AM #69196
  tommygtb

  Hi Nicolas,

  Is there an updated Fractals indicator that works with 10.3 with dots rather that arrows ?

   

  Kind Regards

  Tom

  

  tommygtb

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  04/27/2018 at 5:07 PM #69302
  Nicolas

  You can try this one: https://www.prorealcode.com/topic/indicateurs-bill-williams/#post-20690

  You can change the symbol used to plot the fractals by something else if you want to.

  

  Nicolas

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