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,
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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
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:
.
