Support and Resistance (Fractal-based)

Category: market_structure

Identifies and tracks horizontal support and resistance levels based on Bill Williams' Fractals (5-bar patterns).

Formula

Resistance = (Upper Fractal @ i) ? High[i] : Resistance[i+1]; Support = (Lower Fractal @ i) ? Low[i] : Support[i+1]

Inputs

• EnableNativeAlerts (default: false)
• EnableEmailAlerts (default: false)
• EnablePushAlerts (default: false)
• TriggerCandle (default: Previous)

See signal primitives and every published strategy that uses Support and Resistance (Fractal-based) on WOBR StrategyVerse.