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NielsG

Fractal Channel v2

NielsG  
Williams Fractal breakout trailingstop
130
2
williamsfractal breakout trailingstop
Just another way of visualizing Williams' Fractals: they are now joined in a channel.
You can also create a channel of Fractals from another time frame than the current.
Great for identifying breakout entries, trend direction analysis (i.e. easily visualize Higher Lows, Higher Highs, Lower Lows, Lower Highs) or to trail your Stop Losses.

Version 2 of the Fractal Channel now correctly identifies William's Fractals when the High/Low of the 'Fractal Candle' is equal to the High/Low of the neighbouring 2 candles on both sides.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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