Williams Fractal Indicator

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  • #46711
    Nigel
    • Topics: 3
    • Replies: 3
    • Posts: 6

    Do you already have the Williams Fractal Indicator coded (but called something different) in Optuma?

    http://fxcodebase.com/wiki/index.php/Fractal_Indicator

    It is usually included in most charting packages, but I cannot find it in Optuma.

     

    Nigel.

    #46715
    Darren
    • Topics: 66
    • Replies: 617
    • Posts: 683

    Hi Nigel,

    You can use the following in a Show Bar for an ‘up’ fractal:

    HIGH(2) < HIGH() and
    HIGH(1) < HIGH() and
    HIGH(-1) < HIGH() and
    HIGH(-2) < HIGH()

    However we do have the Pivot Labels tool which will highlight the bars for both the up and down fractals. Set the Min Pivot value to 3 and ‘Both’ for Display Type and Direction and it will label the highs and lows with at least 2 lower highs / higher lows either side:

    Capture

    #46727
    Nigel
    • Topics: 3
    • Replies: 3
    • Posts: 6

    Perfect.  Thanks Darren.

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