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https://github.com/mihakralj/QuanTAlib.git
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Miha Kralj
24e86d762a
- Updated BBWN, BBWP, CCV, CV, CVI, EWMA, GKV, HLV, HV, Jvolty, JVOLTYN, MASSI, NATR, RSV, RV, RVI, TR, UI, VOV, VR, YZV indicators with documentation links. - Added documentation links for Aberration, Acceleration Bands, Andrews' Pitchfork, Adaptive Price Zone, ATR Bands, Bollinger Bands, Center of Gravity, Donchian Channels, Decay Min-Max Channel, Detrended Synthetic Price, EACP, EBSW, HOMOD, Jurik Volatility Bands, Keltner Channel, MA Envelope, Min-Max Channel, Price Channel, Regression Channels, Standard Deviation Channel, Stoller Average Range Channel, Super Trend Bands, Ultimate Bands, Ultimate Channel, VWAP Bands, and VWAP with Standard Deviation Bands.
35 lines
1.5 KiB
Plaintext
35 lines
1.5 KiB
Plaintext
// The MIT License (MIT)
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// © mihakralj
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//@version=6
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indicator("Williams Fractals", "FRACTALS", overlay=true)
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//@function Detects Williams Fractal patterns (5-bar pattern)
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//@returns [up_fractal, down_fractal] Fractal values (na if no fractal)
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fractals() =>
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bool is_up_fractal = false
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bool is_down_fractal = false
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if bar_index >= 4
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is_up_fractal := high[2] > high[4] and high[2] > high[3] and high[2] > high[1] and high[2] > high[0]
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is_down_fractal := low[2] < low[4] and low[2] < low[3] and low[2] < low[1] and low[2] < low[0]
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float up_fractal_value = is_up_fractal ? high[2] : na
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float down_fractal_value = is_down_fractal ? low[2] : na
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[up_fractal_value, down_fractal_value]
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// ---------- Main loop ----------
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// Inputs
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i_show_up = input.bool(true, "Show Up Fractals", tooltip="Display bearish fractals (resistance)")
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i_show_down = input.bool(true, "Show Down Fractals", tooltip="Display bullish fractals (support)")
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i_color_up = input.color(color.red, "Up Fractal Color")
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i_color_down = input.color(color.green, "Down Fractal Color")
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// Calculation
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[up_fractal, down_fractal] = fractals()
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// Plot fractal markers
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plotshape(i_show_up and not na(up_fractal) ? up_fractal : na, "Up Fractal", style=shape.triangledown, location=location.absolute, color=i_color_up, size=size.small, offset=-2)
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plotshape(i_show_down and not na(down_fractal) ? down_fractal : na, "Down Fractal", style=shape.triangleup, location=location.absolute, color=i_color_down, size=size.small, offset=-2)
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