Williams Fractals with Alerts by MrTuanDoan — Indicator by MrTuanDoan

williamsfractal supportandresistance binaryoption

Custom William Fractals for alerts and educational purpose.

Added custom alerts for Williams Fractals.
Also added filter to show less fractals on chart.

The simple idea how I use fractals in Binary Option is to determine temporary resistance and support.

Simple strategy:
- Mark Resistance/Support on higher time frame (e.g. 5M)
- Set an alert for new fractal
- Whenever a new fractal that appears close to your marked Resistance/Support, go to lower time frame (e.g. 1M)
- Wait for rejection at the level that lower than new down fractal (or higher than new up fractal).
- Enter with the same expiry of lower time frame.

Good luck and happy trading. :-)

I'm happy to help you improve your trading.
Telegram: @MrTuanDoan

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

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