Smaller Fractals (+ Transparency)
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Smaller Fractals (+ Transparency)
I find that fractals are super useful, but can visually clutter up the chart pretty quickly. Their opaqueness and just overall bigness can become a bit much.
As such, these are just like regular fractals, only smaller (pine script'ssize.tiny instead of the default size.small).
Also, you can set a transparency level to these little guys (default is 50%).
Simple, more polite, and hopefully more useful fractals for those wnting a cleaner looking chart.
backtest
Source
Pine
/*backtest
start: 2022-05-03 00:00:00
end: 2022-05-09 23:59:00
period: 1h
basePeriod: 15m
exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}]
*/
//@version=5
indicator("(Smaller) Williams Fractals", shorttitle="Tiny Fractals", format=format.price, precision=0, overlay=true)
// Define "n" as the number of periods and keep a minimum value of 2 for error handling.
n = input.int(title="Periods", defval=2, minval=2)Strategy parameters
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