Bill Williams indicators
Fractals (Bill Williams)
Little arrows that mark local tops and bottoms: a high with two lower highs on each side, or a low with two higher lows.
सरल शब्दों में विचार
Prices move in swings. Fractals mark the turning points of those swings, giving you natural levels where the market changed its mind, and a breakout above the last up-fractal shows new strength.
गणना कैसे होती है
An up fractal is a candle whose high is higher than the highs of the two candles before and the two after. A down fractal is the mirror image for lows.
Up fractal at candle i: high(i) > high(i±1) and high(i) > high(i±2)
Down fractal: low(i) < low(i±1) and low(i) < low(i±2)इसका उपयोग कैसे करें
- Buy stop just above the latest up fractal, sell stop just below the latest down fractal (Williams' breakout entries).
- Use recent fractals as stop-loss levels.
निष्कर्ष निकालना
- Because two later candles are needed, a fractal appears two candles after the actual high or low.
उदाहरण
On a 1-hour chart an up fractal forms at 1.0870. An hour later the price breaks above 1.0871: a breakout entry.
उदाहरणों में कीमतें केवल समझाने के लिए हैं।
इन बातों का ध्यान रखें
- Many small fractals form in quiet markets; higher timeframes give more meaningful ones.
थोड़ा इतिहास
Bill Williams, "Trading Chaos" (1995), borrowing the word from chaos theory.
केवल शैक्षिक सामग्री। कोई इंडिकेटर या पैटर्न भविष्य की भविष्यवाणी नहीं करता, और यहाँ कुछ भी निवेश सलाह नहीं है।