Just another way of visualizing Williams' Fractals: they are now joined in a channel. You can also create a channel of Fractals from another time frame than the current. Great for identifying breakout entries or to trail your Stop Losses.
Here's an example of a 4 hour chart with the Fractal Channel of the Daily Williams' Fractals:
bbeams7
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Nice indicator... I'm looking for a 3-bar vs 5-bar (Williams) fractal version... could you publish an indicator using a 3-bar?
ActionAlerts
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Hi NielsG, I used a Fractal Channel indicator for years on MT4 so was delighted to find your version on TV and love the way it can be set for alternative time frames. I notice that it ignores fractals when the high is formed by two bars with an equal high or the low is formed by two bars with an equal low. Would it be very difficult to fix this? Regards, Michael (Invicta)
NielsG
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@Invicta,
Hi, for some reason I couldn't update this indicator (it was locked!).
Fortunately I could still view the code, so I have created a v2 of this channel with the improved logic of >= and <= instead of > and <
Please search the indicator list for Fractal Channel v2.
ActionAlerts
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@NielsG, version 2 is just what I need so thank you very much.
ActionAlerts
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@NielsG, FC v2 has disappeared from the indicator list (foolishly I didn't add it to my favourites). Have you removed it or might this be a glitch in TV? Thanks for your advice.
NielsG
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@Invicta, It was banned by moderator because the chart I attached to the script had other stuff on it as well :/
If you re-search today you should find it again.