NCTA Divergent Bars + Fractals
NCTA Divergent Bars + Fractals
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 bearish or bullish 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 Bill Williams 'Alligator'.
The Bill Williams Fractal indicator can indicate natural support and resistance 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.
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 bearish or bullish 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 Bill Williams 'Alligator'.
The Bill Williams Fractal indicator can indicate natural support and resistance 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.
Release Notes:
- 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