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EXPERIMENTAL: update to previous version, added a average of the fractal levels and the ability to hide the diferent components.
study("[RS]Fractal Levels V1", shorttitle="[RS]FL.V1", overlay=true) hidefractals = input(false) hidelevels = input(false) hideaverage = input(false) topfractal = high < high[1] and high[1] < high[2] and high[2] > high[3] and high[3] > high[4] botfractal = low > low[1] and low[1] > low[2] and low[2] < low[3] and low[3] < low[4] plotchar(hidefractals ? na : topfractal, text="Fractal", location=location.abovebar, offset=-2) plotchar(hidefractals ? na : botfractal, text="Fractal", location=location.belowbar, offset=-2) topfractals = topfractal ? high[2] : topfractals[1] botfractals = botfractal ? low[2] : botfractals[1] topfcolor = topfractals != topfractals[1] ? na : black botfcolor = botfractals != botfractals[1] ? na : black plot(hidelevels ? na : topfractals, color=topfcolor) plot(hidelevels ? na : botfractals, color=botfcolor) fractalma = avg(topfractals, botfractals) plot(hideaverage ? na : fractalma, color=blue, linewidth=2)
Comments
Do you know if there's any easy way to:
1. Only display the last x number of fractals levels? i.e 2 bull * 2 bear fractals and
2. have the fractal levels extend further to the right?
Thanks again for the cool indicator!
Mario