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  • What's new

Improved Fractals

This is a modified Fractals indicator. It works similar the original Bill Williams' indicator, and is additionally enhanced with the possibility to change the top radius, in contrast to the standard radius of 2 bar. Simply put, the indicator checks the top and if it is the minimum/maximum in this radius, such a top is marked by an arrow.

Advantages

  • Adjustable radius.
  • Use for drawing support and resistance levels.
  • Use for drawing trend channels.
  • Use within the classical Bill Williams' strategy or in its modifications.

Input parameters

  • Radius — the radius of the fractal.

Extra

  • I regularly publish modified versions of standard indicators. You can find these indicators and my other applications here.
  • If you have ideas or need a modification of any indicator, please contact me—I will consider your suggestion and may publish it.
No reviews
Version 1.1 - 2017.04.24
1. Fixed a plotting error that prevented the arrows from being displayed without refreshing a chart.
2. Added a check for invalid radius values: too big value, negative values and zero.