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MTF Fractal Levels
MTF Fractal Levels is a fractal-based indicator designed to highlight key price levels and provide timely alerts when price reaches those levels.
The indicator can display fractals from the current timeframe as well as from a higher timeframe selected in the settings.
When a higher timeframe is selected, its fractal levels are correctly projected onto all lower timeframes, allowing higher-timeframe levels to be used as context for entries on lower timeframes.
The Fractal Strength parameter allows filtering of fractal formation by controlling how significant a price extremum must be to be considered a valid fractal.
Levels are displayed as horizontal zones/lines with flexible visual style settings.
The indicator supports intra bar alerts that trigger at the exact moment price touches a fractal level, without waiting for the candle to close.
The indicator can display fractals from the current timeframe as well as from a higher timeframe selected in the settings.
When a higher timeframe is selected, its fractal levels are correctly projected onto all lower timeframes, allowing higher-timeframe levels to be used as context for entries on lower timeframes.
The Fractal Strength parameter allows filtering of fractal formation by controlling how significant a price extremum must be to be considered a valid fractal.
Levels are displayed as horizontal zones/lines with flexible visual style settings.
The indicator supports intra bar alerts that trigger at the exact moment price touches a fractal level, without waiting for the candle to close.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.