Please find below the code for the Bill Williams Fractals indicator (found on the web from the SOHOCOOL website);
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/////////// FRACTALS DE BILL WILLIAMS //Varible = cp - par défaut =2 if high[cp] >= highest[2*cp+1](high) then LH = 1 else LH=0 endif if low[cp] <= lowest[2*cp+1](low) then LL= -1 else LL=0 endif if LH=1 then hil = high[cp] endif if LL = -1 then LOL=low[cp] endif return lol coloured(255,0,0) as "bas",hil coloured(0,255,0) as"haut" /////////////fin |
You have to set the variables on points mode for a clearer view of the fractals points on the price chart. (see picture attached).
I’ll add this indicator to the library since it’s a common request.