RicardoSantos

[RS]Fractals V2

added channel option.
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study(title="[RS]Fractals V2", overlay=true)
length = 24
//  ||---   V1: Added filtering option
filterFractals = input(true)
ftop = high[2] > high[3] and high[2] > high[4] and high[2] > high[1] and high[2] > high[0]
fbot = low[2] < low[3] and low[2] < low[4] and low[2] < low[1] and low[1] < low[0]

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)
//----------------------------------------------------------------------------------------------------------
Can you explain what single dots with arrow and brackets -/+ mean ?
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snapshot


Working on a new indicator using Ichimoku signals .... hoping it can be a new candle indicator

*interesting to note, that if you increase base line and displacement, you must switch green/red leads.
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RicardoSantos PRO QuantitativeExhaustion
2 years ago
arrow with • as text is regular fractals, arrow with H is the end point formation of a High swing (fractal of fractals) and L is a Low Swing, but because i cant dynamically offset the plotshape i cant put the H or L in the right top/bottom, its refering to the previous fractal in the series.
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