OPEN-SOURCE SCRIPT
Williams Fractals Ultimate (Donchian Adjusted)
Williams Fractals Ultimate (Donchian Adjusted)
Understanding Williams Fractals
Williams Fractals are a simple yet powerful tool used to identify potential turning points in the market. They highlight local highs (up fractals) and local lows (down fractals) based on a set period.
Fractals help traders spot support and resistance levels, potential trend reversals, and price breakout zones.
Why Adjust Fractals with the Donchian Channel?
The standard Williams Fractals method identifies local highs and lows without considering broader market context. This script enhances fractal accuracy by integrating the Donchian Channel, which tracks the highest highs and lowest lows over a set period.
- The Donchian Baseline is calculated as the average of the highest high and lowest low over a selected period.
- Fractals are filtered based on this baseline:
This filtering method removes weak signals and ensures that only relevant fractals aligned with market structure are displayed.
Key Features of the Script
Why Is This So Effective?
This script is a technical analysis tool and does not guarantee profitable trades. Always combine it with other indicators and risk management strategies before making trading decisions.
Understanding Williams Fractals
Williams Fractals are a simple yet powerful tool used to identify potential turning points in the market. They highlight local highs (up fractals) and local lows (down fractals) based on a set period.
- An up fractal appears when a price peak is higher than the surrounding prices.
- A down fractal appears when a price low is lower than the surrounding prices.
Fractals help traders spot support and resistance levels, potential trend reversals, and price breakout zones.
Why Adjust Fractals with the Donchian Channel?
The standard Williams Fractals method identifies local highs and lows without considering broader market context. This script enhances fractal accuracy by integrating the Donchian Channel, which tracks the highest highs and lowest lows over a set period.
- The Donchian Baseline is calculated as the average of the highest high and lowest low over a selected period.
- Fractals are filtered based on this baseline:
- Up Fractals are only shown if they are above the Donchian baseline.
- Down Fractals are only shown if they are below the Donchian baseline.
This filtering method removes weak signals and ensures that only relevant fractals aligned with market structure are displayed.
Key Features of the Script
- Customizable Fractal & Donchian Periods – Allows traders to fine-tune fractal sensitivity.
- Donchian-Based Filtering – Reduces noise and highlights meaningful fractals.
- Fractal ZigZag Line (Optional) – Helps visualize price swings more clearly.
Why Is This So Effective?
- Stronger trend signals – Filtering with the Donchian baseline eliminates unreliable fractals.
- Clearer price action – The optional ZigZag line visually connects significant highs and lows.
- Easy trend identification – Helps traders confirm breakout zones and key price levels.
This script is a technical analysis tool and does not guarantee profitable trades. Always combine it with other indicators and risk management strategies before making trading decisions.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
Plan the trade ⚡ Trade the plan
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。