SL Hunter Tracker SL Hunter Tracker
coded by Bogdan Vaida
SL Hunter Tracker is a meticulous hunter that tracks SL hunters.
First it plots the fractals on the chart, then it draws lines from them
to the last wick that touched that height. You can add sweep alerts, once
per bar close, so that you get notified when a wick was touched.
Tested on: EURUSD 30'
Фракталы Билла Вильямса
OS FractalsAn up fractal is formed when a high is both preceded and followed by lower highs. A down fractal is formed when a low is both preceded and followed by higher lows.
Bill Williams uses a period of 2 (2 after and 2 before) to define a fractal. This indicator has 2 as default but lets you decide the range you want.
The indicator lets you also select alerts when price crosses an up of down fractal, which would usually mean to entry a position. This indicator works best when used with an alligator, as long signals are valid above the Balance Line and short signals are valid when triggered below the Balance Line.
Any comments for improvement are welcome.
Fractal lines multi time framePlot lines using last two William's fractals to find trends, it supports different resolutions and alerts
Fractals ROC AlertI am playing William's Fractals and got an idea to calculate each fractal's strength by these rules:
- downFractal. FractalROC = (close - lowest(n+1))/(open【2*n】-lowest(n+1))
- upFractal FractalROC = (highest(n+1)-close)/(highest(n+1)-open【2*n】)
And set up a level to filter small fractals.
Bigger FractalROC, Stronger trend
OS AlligatorOS Alligator includes Bill and Justine Williams´ indicators explained both in their "New Trading Dimensions" and "Trading Chaos: Second Edition" books. This script replicates the visual alerts shown on their graphs.
OS Alligator includes:
- Fractals (with labels for easy reading)
- Divergent Bars (signaled by top and bottom triangles)
- Zone bar colors (the bar is green when both AO and AC are green, red when both are red, and black when different)
- Zone buys and sells (subsequent AO of the same color), with letter Z
- Saucer buys and sells, with letter S
- Highest High and Lowest Low tracking (for traling stop setting)
- Balance line (Teeth) crossover alerts
and of course the Alligator's Mouth (Lips, Teeth, Jaw) with SMMA.
All these functions are customizable both in periods and in color. For example if you want to modify the Fractal or HiLo periods you can do so.
You can also add alerts based on any or all indicators.
Thank you for reading. Any comments for improvement are welcome.
-ownsov
2B detector betaIdentifying a trend reversal is practically tricky, given that price movement is somewhat unpredictable and mostly obeys a power law. In which the price difference is primarily out of normal distribution. According to Benoit Mandelbrot, the price distribution follows an alpha-stable distribution with α equal to 1.7.
Real data observation suggests that stock prices do not follow the Random Walk Hypothesis or Brownian motion. Instead, they follow a fractal pattern. Fractals exhibit similar patterns at different scales called self-similarity. Using this character, one can develop fractal patterns to identify local highs and local lows.
This indicator identifies the reversal signal so-called 2B base on the following logic:
1. Identify local highs and local lows with fractals
2. Define relative positions of those local highs and lows (ABC and 2B)
3. Define the local range of ABC and B
Disclaimer: This indicator is only for research purposes. Please do not take it as investing or trading advice.
[SCL] Bitcoin Hashrate Dips (Miner Capitulation)Gives long-term buy signals for Bitcoin from dips and recoveries in the hashrate (the "miner capitulation" theory). It has an overlay and a standalone mode and is fully configurable. It uses Williams Lows and ATR instead of moving averages.
Features that might be interesting for Pinescripters:
+ Automatic (as far as is possible currently) adjustment of plots for overlay and standalone display modes.
+ A neat label function for debugging floats
+ Fully commented
+ The debug that I used to overcome problems in developing it is left in
+ Ideas for how to deal with a wildly oscillating and exponentially increasing data source
You need to run this indicator on the Bitcoin daily chart for it to make any sense. The best is a BTC/USD chart with a long history, such as BNC:BLX.
Trend LineBasic Trend Line base on fractals (v0.1)
Can not draw a line on the future X axis, So just a line segment but not a ray.
I don't have a better idea to upgrade...
Williams Fractals with Alerts by MrTuanDoanCustom William Fractals for alerts and educational purpose.
Added custom alerts for Williams Fractals.
Also added filter to show less fractals on chart.
The simple idea how I use fractals in Binary Option is to determine temporary resistance and support.
Simple strategy:
- Mark Resistance/Support on higher time frame (e.g. 5M)
- Set an alert for new fractal
- Whenever a new fractal that appears close to your marked Resistance/Support, go to lower time frame (e.g. 1M)
- Wait for rejection at the level that lower than new down fractal (or higher than new up fractal).
- Enter with the same expiry of lower time frame.
Good luck and happy trading. :-)
Williams Fractals, A simpler scriptA simpler script to filter fractals and support large range parameter.
Deep_Fractal_Signals_and_Rubber_Band_TradesThis indicator is based on Williams Fractals and the TopDog Trading "Rubber Band Trade"
The Deep Fractal Signals are triangles that indicate the price is forming a pattern of decreasing lows in a down trend (orange) or, increasing highs in an up trend (green).
The triangles are placed above or below the last bar of the pattern, unlike Fractals which are drawn 2 candles prior to the current candle, and are re-painted on the chart.
When the triangle is indicated above the moving average in a down trend (blue), or below the moving average in an up trend (yellow), this is a Rubber Band Trade.
When the slope of the moving average is less than the Gain set by the user, or are counter-trend, the triangles are plotted in silver.
When used in conjunction with the Power Analyzer indicator, a signal to the long side should be taken when the Power Analyzer momentum indicator is at a cycle low. Similarly, a signal to the short side should be taken when the indicator is at a cycle high.
The first, second or third signal in a new trend have the highest probability of a follow through.
The indicator sometimes gives a false signal at the very end of the trend, just before the market reverses. This is an attempt by the Market Makers to persuade traders that the trend will continue.
Please leave a comment and "Like" this indicator if you find it useful.
FX Engineering
[Daveatt] BEST ABCD Pattern Strategy (Trailing SL + TP)Hello traders
This is the strategy version of my ABCD pattern. I added the Trailing Stop and Trailing Profit upon a follower request
I - Concept
I present to you, ladies and gentlemen, the first screener for harmonic patterns .
Starting with an ACBD pattern screener this time!!
I used the calculations from Ricardo Santo's script
In short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A masterpiece !!!
II - Definitions
The ABCD pattern ( AB=CD ) is one of the classic chart patterns which is repeated over and over again.
The ABCD pattern shows perfect harmony between price and time.
The Williams Fractal is an indicator, developed by Bill Williams , that aims to detect reversal points (highs and lows) and marks them with arrows.
Up fractals and down fractals have specific shapes. The Williams Fractal indicator helps users determine in which direction price will develop
💎Strategy filters💎
I included some cool backtest filters:
- Trailing stop with trigger concept coming from this Trailing Stop Strategy
- Trailing profit with trigger coming from this Trailing Profit Strategy
Last words
It works for all asset classes (Forex, crypto, indices, etc...) and does not repaint
All the BEST
Dave
Williams Fractal Trailing StopsUnlike the built-in version, you can configure how many bars it takes to confirm a fractal. This indicator plots all Williams high and low fractals, and a stop line that trails the fractals up and down. Includes long and short stop alerts. You can choose whether the trail flips long-short based on the price being exceeded within a candle or on candle close. This indicator deals only with fractals and doesn't get into the Alligator or anything else.
I've commented it extensively, so that it might be useful for people learning Pinescript. Enjoy!
BEST ABCD Pattern StrategyHello traders
This is the strategy version of this script
I - Concept
I present to you, ladies and gentlemen, the first screener for harmonic patterns.
Starting with an ACBD pattern screener this time!!
I used the calculations from Ricardo Santo's script
In short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A masterpiece !!!
II - Definitions
The ABCD pattern ( AB=CD ) is one of the classic chart patterns which is repeated over and over again.
The ABCD pattern shows perfect harmony between price and time.
The Williams Fractal is an indicator, developed by Bill Williams, that aims to detect reversal points (highs and lows) and marks them with arrows.
Up fractals and down fractals have specific shapes. The Williams Fractal indicator helps users determine in which direction price will develop
💎Strategy filters💎
I included some cool backtest filters:
- flexible take profit in USD value (plotted in blue)
- flexible stop loss in USD value (plotted in red)
The take profit and stop loss should work with Forex/FX pairs as well
All the BEST
Dave
MultiTimeFrame Fractals D W M [xdecow]This indicator shows fractals in different timeframes. With the possibility of coloring the bars with any combination of current, daily, weekly and monthly timeframes.
The return points are calculated as follows:
high > last 3 highs and close above highest low
low < last 3 lows and closes below lowest high
The direction of higher timeframes fractals tend to be more durable and reliable. This indicator helps to find the fractal alignment of different timeframes, so that you can look for trade opportunities in the same direction as the higher timeframes and improve your chances.
BEST ABCD Pattern ScreenerHello ladies and gentlemen traders
Continuing deeper and stronger with the screeners' educational series one more time.
This one is heavy crazy mega cool (pardon my french).
I - Concept
I present to you, ladies and gentlemen, the first screener for harmonic patterns.
Starting with an ACBD pattern screener this time!!
I used the calculations from Ricardo Santo's script
In short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A masterpiece !!!
The screener will show in 1 consolidated chart the ABCD patterns for 5 selected assets. Could be stocks, forex, crypto, whatever you feel like making money with
II - Definitions
The ABCD pattern ( AB=CD ) is one of the classic chart patterns which is repeated over and over again.
The ABCD pattern shows perfect harmony between price and time.
More info here
The Williams Fractal is an indicator, developed by Bill Williams, that aims to detect reversal points (highs and lows) and marks them with arrows.
Up fractals and down fractals have specific shapes. The Williams Fractal indicator helps users determine in which direction price will develop
Source: www.tradingview.com
III - How did I set the screener
The visual signals are as follow:
- square: whenever there is an ABCD pattern detected
Then the colors are:
- green when a bullish pattern is detected
- red when a bearish pattern is detected
🔸 The script screenshot shows two red squares matching two ABCD bearish pattern from the above panel. As the chart is showing APPL, I highlighted where the screener mentioned the fruit stock ( APPLE, pun, bad joke, Dave out...)
🔸 I tried to make it as clear as I could with red arrows
Once again, we pushed together the limits of pine script beyond of what we thought was possible, beyond the realm of this world, reaching finally the dreamt pine script heaven (am I going too far? feel free to tell me)
Best regards,
Dave
Zenith BladeThis script is based heavily on "Support/Resistance Zones x3" by Lij_MC
What I did is went and added alerts for when price breakouts the support line/zone.
You have the options to change if it is based on a zone breakout or a line breakout
You also can choose when it will go off, so for example you want an alert to trigger only between 7am and 8am then you can change that in the menu.
Lastly you can choose whither or not to show the Williams Alligator on the chart as I have found it beneficial in conjunction with the script since its based primarily on fractals to calculate Support and Resistance.
Williams Fractal (equals fixed)In contrast to the default Williams Fractal generator, this one also shows fractals if the two candles before or after are equal (>=, <=).
Volume-supported Fractal SRModified version of SynapticEX's Volume-supported Fractal S/R with EMA instead of SMA, pinescript 4 port, and EMA20/EMA50 defaults for support and resistance.
EMA20 = red/green
EMA50 = orange/yellow
Fractal Framer added buy sellThis script was written by Brobear and published. I only modified by adding buy and sell signal when price crossover fractal channel.
buy_breakout=crossover(close,fracLevelHigh) and OsMA >OsMA and emaRSI >emaRSI
sell_breakout=crossunder(close,fracLevelLow) and OsMA <OsMA and emaRSI <emaRSI
Trend Direction Helper (ZigZag and S/R and HH/LL labels)Hey everyone
First of all, I'd like to thank Ricardo Santos, Backtest Rookies for the inspiration for this script.
Actually, most of it is coming from them and I only mixed them up (and added my secret sauce ^^). If some of you are not thinking about a trading secret sauce, please get serious for a moment :)
Some of you asked me how I do to set the trend direction. You all understood that if you get an UP label, then the price should go up and vice-versa for down.
But it's not so easy to define the good signals for each asset and each timeframe. I'm going to repeat what I said yesterday because ... well... that's what trading is about
So quoting myself here "The inputs set by default will have to be changed for your asset/timeframe and can't be generic for everything. You have to play with the inputs until the signals will make sense to you
The indicator/strategy with a unique configuration that you'll never check or update according to the market condition DOES NOT exit. "
BUT... a bit of patience and practice and you might do wonders.
The Method
I never realized until now but by connecting the higher highs/lower lows, I was drawing zigzag lines.
The Zig Zag Master is Ricardo Santos . Please give him a follow, he's awesome
For those who don't want to draw on the chart or (my preferred choice) need some inspiration to define your trend directions, this script is for YOU (and your family, your pet, your girlfriend/boyfriend, ...)
I think that each asset/timeframe chart has its own history. What worked in a post could work in the future.
In that regard, if a trend direction worked in the past, that's the parameter that I'll use to trade with it in a demo account and make sure it's relevant. If not then I will adjust
If you're trading with new indicators or a new method right away on your real trading account, you're gonna have a bad time imgflip.com
Lines EVERYWHERE
The script draws the classical horizontal pivots + the zig zag lines + the Higher Highs/Lower Lows label in just 1 script. I'm very excited to share a script (on which I coded 100 lines out of 500) but no one else did it
The horizontal pivots part are coming from Backtest Rookies
For more security, you can add a pullback on a moving average after getting a signal. Pullbacks are necessary to limit any eventual loss or maximize your gains by getting in the trend sooner.
I really give you a solid method and a great script in my opinion. 6 years of experience given away for FREE :p (when Dave will start thinking as a business man instead :O)
Does it repaint ?
Getting this question twice a day. You guys are obsessed with the repainting :)
Short answer, yes because it will calculate the pivots and zig zags whenever new higher highs/lower lows will be formed.
However, the trend direction code is based on the candle close so it shouldn't repaint. If it does, please let me know
See you all on Monday
Love you all
Dave
____________________________________________________________
Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too)
- If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Disclaimer:
Trading involves a high level of financial risk, and may not be appropriate because you may experience losses greater than your deposit. Leverage can be against you.
Do not trade with capital that you can not afford to lose. You must be aware and have a complete understanding of all the risks associated with the market and trading. We can not be held responsible for any loss you incur.
Trading also involves risks of gambling addiction.
Please notice I do not provide financial advice - my indicators, strategies, educational ideas are intended to provide only some source code for anyone interested in improving their trading
The proprietary indicators and strategies developed by Best Trading Indicator, the object of intellectual property rights are and remain the exclusive property of Best Trading Indicator, at the exclusion of images and videos and texts free of rights or provided by the Company or external legal or physical person.
No assignment of intellectual property rights is carried out through these Terms and Conditions.
Any total or partial reproduction, modification or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of the Company.