The NCTA Divergent Bars + Fractals indicator adds both the Bill Willams Divergent Bar and Bill Willams Fractals indicators to your price chart.
The Bill Williams Divergent Bar indicator displays or Divergent Bars on your price chart. Bullish Divergent Bars print as blue (default) triangles above the bar when the current bar has a low that is lower than the previous bar's low, but closes in the upper half of the bar. Bearish Divergent Bars print as yellow (default) triangles below the bar when the current bar has a high that is higher than the previous bar's high, but closes in the lower half of the bar. Neither will display if it is within the moving averages of the 'Alligator'.
The Bill Williams Fractal indicator can indicate natural levels. Fractals at resistance levels appear as green (default) ^ arrows during a series of at least five successive bars, when the highest high is in the middle and has two lower highs on both sides. Fractals at support levels appear as red (default) ∨ arrows during a series of at least five successive bars, when the lowest low is in the middle and has two higher lows on both sides.
- Option to alert price of forming and valid fractals
- Option to view price of fractal on the chart
- Any alert() function added
- Updated to Pine v5
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact NewCycleTrading for more information, or follow the author's instructions below.
Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Please e-mail firstname.lastname@example.org for access.
Warning: please read before requesting access.