This study draws a trend line for the last two Bill Williams up-fractals and down-fractals.
Trend line break signals and alerts can optionally be added.
Versionsinformation
⋅
Bug fixed.
Versionsinformation
⋅
RSI filter added.
Versionsinformation
⋅
Narrow range bar added. Inside bar added. Outside bar added. Sandwich bar added. Pin bar added.
Versionsinformation
⋅
Narrow range bar added. Fakey added.
Versionsinformation
⋅
Improved the Fakey signal (F). Added early Fakey signal (f).
Versionsinformation
⋅
Minor changes.
Versionsinformation
⋅
Plot Fractals added.
Versionsinformation
⋅
Reverse fractals added.
Segments added (taken from Joe Ross' books). These Segments are an early trend detection method. I will add Segments to my "The Strategy - ..." script in the next days.
Versionsinformation
⋅
Changed segment signal plotting. Now the segment signal is not deleted if a segment series is no longer valid. By definition, the segment signal cannot be repainted. The segments follow higher lows and lower highs. Definition of a valid long signal: there are three segments and the current candle high is higher than the last candle high (high> high [1]).
Versionsinformation
⋅
Tooltips added. Trend line bug fixed.
Versionsinformation
⋅
General description added.
Versionsinformation
⋅
Minor changes.
Versionsinformation
⋅
Groups added. Minor chnages.
Versionsinformation
⋅
Pin bar detection improved and minor changes.
Versionsinformation
⋅
Screenshot issue.
Versionsinformation
⋅
Segments- signal and documentation improved/changed.
Versionsinformation
⋅
EMA cloud added.
Versionsinformation
⋅
Horizontal support and resistance lines added.
Versionsinformation
⋅
Multi time frame classic pivot points added.
Versionsinformation
⋅
Source for SR-lines added.
Versionsinformation
⋅
Attributes of drawn objects added.
Versionsinformation
⋅
Pin bar revised.
Versionsinformation
⋅
Divergence signal and momentum indication added.
Versionsinformation
⋅
Removed the momentum indicator. You can use the "RSI with BG" script for momentum indication where you can toggle between RSI and RSI Stochastic. Minor changes/improvements.
Versionsinformation
⋅
Quarterly classic pivot points added. Maximum outputs with this script reached.
Versionsinformation
⋅
Minor changes.
Versionsinformation
⋅
Uncommented daily and weekly pivot points (output restrictions). Added 6 month and 12 month pivot points.
Versionsinformation
⋅
Script converted to Pine v5.
Versionsinformation
⋅
Script revised. 1 week pivot point added. Signals added/revised.
Versionsinformation
⋅
HMA slope as background color added. Trend line signals and bg signals can be displayed at the same time, now.
This is a method to detect a possible trend in an early stage. Of course you need entry and exit filters. As a flipping signal it looks quit poor. I have implemented these segments to see a backtest and how it works if it is traded in a mechanical way. If there are three segments, a breakout in segment direction is an entry signal. It is a sublite method to detect a new trend.