OPEN-SOURCE SCRIPT
Williams Fractal Hariss 369
The core concept of this indictor is to detect fractal high and fractal low where price reaction is stronger- whether in bullish or bearish structure. Trading with indicator is very simple. No need to go with any complex data / calculation.
Buy when price crosses and closes above the last fractal high. To strengthen the strategy, buy when prices crosses and closes above last fractal high and price is above 50 SMA. 50 SMA is nice moving average to catch intraday movement. Stop loss is last swing low or below 50 SMA. Target, 1:2 or trail with 50 SMA. Keep trailing till price is above 50 SMA. You can also exit when price crosses below last fractal low. SL is purely one's risk appetite.
To sell, let price crosses and closes below the last fractal low and price is below 50 SMA. SL is above 50 SMA or just above last fractal high. Target 1:2 or trail with 50 SMA.
Before trading with this indicator, open any asset and place this indicator. Check the suitability of this indicator for trading see your comfortability and risk concern.
Buy when price crosses and closes above the last fractal high. To strengthen the strategy, buy when prices crosses and closes above last fractal high and price is above 50 SMA. 50 SMA is nice moving average to catch intraday movement. Stop loss is last swing low or below 50 SMA. Target, 1:2 or trail with 50 SMA. Keep trailing till price is above 50 SMA. You can also exit when price crosses below last fractal low. SL is purely one's risk appetite.
To sell, let price crosses and closes below the last fractal low and price is below 50 SMA. SL is above 50 SMA or just above last fractal high. Target 1:2 or trail with 50 SMA.
Before trading with this indicator, open any asset and place this indicator. Check the suitability of this indicator for trading see your comfortability and risk concern.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.