DonkeyEmporium

Fractals | Swing Points | Highs & Lows | Custom Periods

Simple script which marks out key swing highs & lows.

One of the only indicators I have on the chart most days
- perfect for naked charting
- quickly helps you to visually identify key areas of interest

An extension of Bill Williams fractals
- aka short term swing points

Allows you to filter for only the most prominent swing points
- you can even overlay multiple swingpoint filters in different colours (as per example chart)

The number ( Fractal Periods) is simply:
- the number of less prominent points either side of your swing high/low
- example shown on the chart

Otherwise make a fist
- look at your 5 knuckles
- swing high is your middle knuckle
- 2 lower points either side

Bill Williams Original Fractal:
Fractal Periods = 2

Your Fractal Period for Filtering:
3, 4, 5, 30, 365, etc

Allows you to find swing points down to:
Fractal Periods = 1

Simple, easy, shared to enjoy =)
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.

Want to use this script on a chart?

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