RicardoSantos

[RS]Fractal Pattern Recognition (3 Triangles) V1.1

EXPERIMENTAL:
added a missing triangulation(ZCD)
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study(title="[RS]Fractal Pattern Recognition (3 Triangles) V1.1", overlay=false)
//  ||---   Fractal Recognition:
filterBW = input(true, title="filter Bill Williams Fractals:")
filterFractals = input(false, title="Filter fractals using extreme method:")
length = input(24, title="Extreme Window:")

regulartopfractal = high[4] < high[3] and high[3] < high[2] and high[2] > high[1] and high[1] > high[0]
regularbotfractal = low[4] > low[3] and low[3] > low[2] and low[2] < low[1] and low[1] < low[0]

billwtopfractal = filterBW ? false : (high[4] < high[2] and high[3] < high[2] and high[2] > high[1] and high[2] > high[0] ? true : false)
billwbotfractal = filterBW ? false : (low[4] > low[2] and low[3] > low[2] and low[2] < low[1] and low[2] < low[0] ? true : false)

ftop = filterBW ? regulartopfractal : regulartopfractal or billwtopfractal
fbot = filterBW ? regularbotfractal : regularbotfractal or billwbotfractal

topf = ftop ? high[2] >= highest(high, length) ? true : false : false
botf = fbot ? low[2] <= lowest(low, length) ? true : false : false

filteredtopf = filterFractals ? topf : ftop
filteredbotf = filterFractals ? botf : fbot
//  ||------------------------------------------------------------------------------------------------------

//plotshape(filteredtopf, style=shape.triangledown, location=location.abovebar, color=red, text="•", offset=-2)
//plotshape(filteredbotf, style=shape.triangleup, location=location.belowbar, color=lime, text="•", offset=-2)
//  ||---   V1 : Added Swing High/Low Option
//ShowSwingsHL = input(true)
//highswings = filteredtopf == false ? na : valuewhen(filteredtopf == true, high[2], 2) < valuewhen(filteredtopf == true, high[2], 1) and valuewhen(filteredtopf == true, high[2], 1) > valuewhen(filteredtopf == true, high[2], 0)
//lowswings = filteredbotf == false ? na : valuewhen(filteredbotf == true, low[2], 2) > valuewhen(filteredbotf == true, low[2], 1) and valuewhen(filteredbotf == true, low[2], 1) < valuewhen(filteredbotf == true, low[2], 0)
//---------------------------------------------------------------------------------------------------------
//  ||---   Offset calculation:
//  ||--- unable to use, plots cant use series for offset value...
//hsoffset = n-valuewhen(ftop == true, n[2], 1)
//lsoffset = n-valuewhen(fbot == true, n[2], 1)
//---------------------------------------------------------------------------------------------------------
//plotshape(ShowSwingsHL ? highswings : na, style=shape.triangledown, location=location.abovebar, color=maroon, text="H", offset=-2)
//plotshape(ShowSwingsHL ? lowswings : na, style=shape.triangleup, location=location.belowbar, color=green, text="L", offset=-2)
//  ||---   V2 : Plot Lines based on the fractals.
//showchannel = input(true)
//plot(showchannel ? (filteredtopf ? high[2] : na) : na, color=black, offset=-2)
//plot(showchannel ? (filteredbotf ? low[2] : na) : na, color=black, offset=-2)
//---------------------------------------------------------------------------------------------------------
//  ||---   HLswings channel: unable to offset values
//plot(showchannel ? (highswings ? high[2] : na) : na, color=black, offset=-2)
//plot(showchannel ? (lowswings ? low[2] : na) : na, color=black, offset=-2)
//----------------------------------------------------------------------------------------------------------
//  ||---   ZigZag:
//showZigZag = input(true)


istop = filteredtopf ? true : false
isbot = filteredbotf ? true : false
topcount = barssince(istop)
botcount = barssince(isbot)

zigzag = (
        istop and topcount[1] > botcount[1] ? high[2] :
        isbot and topcount[1] < botcount[1] ? low[2] :
        na )
//zigzag = not showZigZag ? na : ( filteredtopf == true ? high[2] : filteredbotf == true ? low[2] : na )
//plot(zigzag, color=black, offset=-2)

//  ||---   Pattern Recognition:


//istop() => zigzag == filteredtopf
//isbot() => zigzag == filteredbotf

z = valuewhen(zigzag, zigzag, 6) 
y = valuewhen(zigzag, zigzag, 5) 
x = valuewhen(zigzag, zigzag, 4) 
a = valuewhen(zigzag, zigzag, 3) 
b = valuewhen(zigzag, zigzag, 2)
c = valuewhen(zigzag, zigzag, 1)
d = valuewhen(zigzag, zigzag, 0)

zyx = (abs(x-y)/abs(z-y))
zyb = (abs(b-y)/abs(z-y))
zyd = (abs(d-y)/abs(z-y))
zab = (abs(b-a)/abs(z-a))
zad = (abs(d-a)/abs(z-a))
zcd = (abs(d-c)/abs(z-c))

yxa = (abs(a-x)/abs(y-x))
yxc = (abs(c-x)/abs(y-x))
ybc = (abs(a-c)/abs(y-c))

xab = (abs(b-a)/abs(x-a))
xad = (abs(a-d)/abs(x-a))
abc = (abs(b-c)/abs(a-b))
bcd = (abs(c-d)/abs(b-c))

plot(title='', series=zyx, color=change(zyx) != 0 ? na : navy, transp=0, offset=-2)
plot(title='', series=zyb, color=change(zyb) != 0 ? na : navy, transp=15, offset=-2)
plot(title='', series=zyd, color=change(zyd) != 0 ? na : navy, transp=30, offset=-2)
plot(title='', series=zab, color=change(zab) != 0 ? na : navy, transp=45, offset=-2)
plot(title='', series=zad, color=change(zad) != 0 ? na : navy, transp=60, offset=-2)
plot(title='', series=zcd, color=change(zcd) != 0 ? na : navy, transp=75, offset=-2)

plot(title='', series=yxa, color=change(yxa) != 0 ? na : fuchsia, transp=0, offset=-2)
plot(title='', series=yxc, color=change(yxc) != 0 ? na : fuchsia, transp=25, offset=-2)
plot(title='', series=ybc, color=change(ybc) != 0 ? na : fuchsia, transp=50, offset=-2)

plot(title='', series=xab, color=change(xab) != 0 ? na : black, transp=0, offset=-2)
plot(title='', series=xad, color=change(xad) != 0 ? na : black, transp=15, offset=-2)
plot(title='', series=abc, color=change(abc) != 0 ? na : black, transp=30, offset=-2)
plot(title='', series=bcd, color=change(bcd) != 0 ? na : black, transp=45, offset=-2)

plotshape(change(zyx) != 0 ? zyx : na, text="ZYX", color=navy, transp=0, location=location.absolute, offset=-2)
plotshape(change(zyb) != 0 ? zyb : na, text="ZYB", color=navy, transp=15, location=location.absolute, offset=-2)
plotshape(change(zyd) != 0 ? zyd : na, text="ZYD", color=navy, transp=30, location=location.absolute, offset=-2)
plotshape(change(zab) != 0 ? zab : na, text="ZAB", color=navy, transp=45, location=location.absolute, offset=-2)
plotshape(change(zad) != 0 ? zad : na, text="ZAD", color=navy, transp=60, location=location.absolute, offset=-2)
plotshape(change(zcd) != 0 ? zcd : na, text="ZAD", color=navy, transp=75, location=location.absolute, offset=-2)

plotshape(change(yxa) != 0 ? yxa : na, text="YXA", color=fuchsia, transp=0, location=location.absolute, offset=-2)
plotshape(change(yxc) != 0 ? yxc : na, text="YXC", color=fuchsia, transp=25, location=location.absolute, offset=-2)
plotshape(change(ybc) != 0 ? ybc : na, text="YBC", color=fuchsia, transp=50, location=location.absolute, offset=-2)

plotshape(change(xab) != 0 ? xab : na, text="XAB", color=black, transp=0, location=location.absolute, offset=-2)
plotshape(change(xad) != 0 ? xad : na, text="XAD", color=black, transp=15, location=location.absolute, offset=-2)
plotshape(change(abc) != 0 ? abc : na, text="ABC", color=black, transp=30, location=location.absolute, offset=-2)
plotshape(change(bcd) != 0 ? bcd : na, text="BCD", color=black, transp=45, location=location.absolute, offset=-2)

//bgcolor(xd <= 0.8 and xd >= 0.6 ? black : na, transp=25)
//plot(topcounter, color=green, offset=-2)
//plot(botcounter, color=red, offset=-2)
Hi. Does this indicator repaint or lag?
Reply
@brlb9, it lags by the 2 bars it takes to confirm the fractal
Reply
Can you explain how it works
Reply
Nice!
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