I hope everybody know what fractals are and importance of fractals in trading. This version of study I use and like the most, with

RSI technique of trading which I use so far and using till the date for my personal trading.

happy trading

yogesh

RSI technique of trading which I use so far and using till the date for my personal trading.

happy trading

yogesh

Code:

```
# Bill Williams fractal indicator
# written by Mike Lapping
#
# Make sure that you change the settings for this indicator so that it plots arrows
# up for upfractal plots
# down for downfractal plots
#
# can be used and modified by anyone for any reason. do not sell.
def isupfractal;
def isdownfractal;
# Looking for high and low series of equalities
# checking for possible fractal formation
rec hicount = if (high == high[1], hicount[1] + 1, 0);
# if the last bar high is the same as this bar's high, increment
# otherwise set false(0)
rec hivalid = if ((hicount[1] == 0 and hicount == 1 and high > high[2] and high > high[3]) or (hicount[1] and hicount and hivalid[1] )
or (hicount[2] and hivalid[2] and high == high[2] and high > high[1]), 1, 0) ;
# set hivalid to true(1)
# if we are entering an equality series, check if the 2 bars preceding the first equal bar # are lower than the current bar
# or if the last bar was an equal bar and this bar is an equal bar and the current equal
# series is valid
# or if we skipped over a lower bar but two bars ago we had an equal bar and that was a
# valid fractal
# otherwise it is false
rec locount = if (low == low[1], locount[1] + 1, 0);
rec lovalid = if ((locount[1] == 0 and locount == 1 and low < low[2] and low < low[3])
or (locount[1] and locount and lovalid[1] )
or (locount[2] and lovalid[2] and low == low[2] and low < low[1]), 1, 0) ;
# Checking for a traditional or non-standard up fractal
isupfractal = if(((hicount and hivalid) or (high > high[1] and high > high[2])) and high > high[-1] and high > high[-2], high, 0);
# Ok this is complicated, basically its checking if there were a series of equal bars and
# if the two bars before the first equal bar were lower
# or if the last 2 bars were lower than the current bar
# and if the two following 2 bars are lower than the current bar
# Checking for a traditional or non-standard down fractal
isdownfractal = if(((locount and lovalid) or (low < low[1] and low < low[2])) and low < low[-1] and low < low[-2], low, 0);
plot upfractal = if( isupfractal, isupfractal + (1 * tickSize()), double.nan);
upfractal.SetPaintingStrategy(paintingStrategy.POINTS);
plot downfractal = if( isdownfractal, isdownfractal - (1 * tickSize()), double.nan);
downfractal.SetPaintingStrategy(paintingStrategy.POINTS);
# This business with the tickSize() function is basically putting the arrow further away fro
# from the bar so that the fractal is easier to read
```

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