Williams Fractals
TrendOverlays priceA marker on every bar that is higher or lower than the few bars on both sides.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
An upper marker is the highest bar in its neighbourhood, a lower one the lowest. It mechanises the eye you use to find swing points, which makes it useful for deciding where to draw lines.
Where it misleads
Because both sides must be seen, markers always appear a few bars late — never on the current bar.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Williams AlligatorThree shifted moving averages that show whether the market is asleep or awake.
- Price ChannelA corridor of the prior N bars' highs and lows, shifted one bar.
- Pivot Points StandardA pivot level and the steps above and below it, computed from the previous period's high, low and close.
- Pivot Points High LowHorizontal lines drawn from bars that are higher or lower than the few bars on each side.
- Chande Kroll StopTwo levels set away from the recent high and low by a multiple of range.
- Volatility StopA trailing level based on volatility that only crosses to the other side when the run flips.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.