OPEN-SOURCE SCRIPT

Ostinated Adjustable Fractal with Alert

This indicator (Ostinated Adjustable Fractal with Alert) is like the traditional William Fractals. However, it created to overcome two disadvantages of the William Fractals:

1. Set minimum value to 1. This a big advantage over traditional William Fractal that has a minimum value of 2.
2. Alerts: setting alert with the traditional William Fractal is very difficult. We have created this indicator to simplify setting fractal alerts.

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Bill Williams IndicatorsFractalFractal Adaptive Moving Average (FRAMA)

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 publication is governed by House rules. You can favorite it to use it on a chart.

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