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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.


  • 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.


  • 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.
Thomson Sivongxay
Thomson Sivongxay 2019.03.06 04:57 

Depends on how you use it. For me i track it a shorter radius. Nothing is concrete in technical trading. You always got to monitor your trades. Thank you Denis.

Matthew Todorovski
Matthew Todorovski 2018.06.30 14:09 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

Versão 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.