Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

Bill Williams' Fractals for Metastock
carla
about 9 years ago
Metastock

Rating:
0 / 5 (Votes 0)
Tags:
metastock

Bill Williams’ Fractals are formed when a group of five consecutive bars of which the first two are successively reaching higher (or diving deeper) and the last two are descending lower (or growing higher) with the middle one being the highest (or the lowest) result in the group accordingly.

Screenshots

Files

Indicator / Formula

Copy & Paste Friendly
High1 := Ref(HIGH,-2);
High2 := Ref(HIGH,-1);
High3 := Ref(HIGH,0);
High4 := Ref(HIGH,1);
High5 := Ref(HIGH,2);
Low1 := Ref(LOW,-2);
Low2 := Ref(LOW,-1);
Low3 := Ref(LOW,0);
Low4 := Ref(LOW,1);
Low5 := Ref(LOW,2);
Fractal := If((High3 > High1)
AND (High3 > High2)
AND (High3 > High4)
AND (High3 > High5), +1,0);

Fractal := If((Low3 < Low1)
AND (Low3 < Low2)
AND (Low3 < Low4)
AND (Low3 < Low5),
If(Fractal > 0, 0, -1), Fractal);

Fractal;

0 comments

Leave Comment

Please login here to leave a comment.

Back