Fractal and Alligator Alerts by JustUncleL

This is based on two well known Bill Williams Fractal and Alligator strategies.

The following code is an implementation is similar to reversal strategy specified here:

[url= forexwot.com/how-to-trade-high-accuracy-bill-williams-fractals-alligator-trading-system.html] forexwot.com/how-to-trade-high-accuracy-bill-williams-fractals-alligator-trading-system.html

and another well know Alligator break out strategy.

This was achieved by combining some of the ideas from two other indicators:

True Williams Alligator (SMMA) by the_batman
Fractals and Levels by JustUncleL

There are two types of Fractal + Alligator Strategies included in this indicator:

Fractal Reversal : In an uptrend defined by Low Fractal that is above the Alligator teeth and the Alligator mouth is completed open in an uptrend. The opposite for downtrends. (Green and Red Arrows)
Fractal BreakOut : In an uptrend, at the start of Alligator open we look back for the first Fractal High above Alligator Teeth. Alligator teeth must be above mouth. (Aqua and Fuchsia arrows)

Release Notes

R2 : New signal Type.

Added new signal Type Awesome Oscillator Break Out.
Awesome BreakOut : In an uptrend, at the start of Alligator open we look back for the first Bar close above Alligator, Alligator Lips above Teeth and Jaw, Awesome Oscillator just started changing to lime. The opposite for downtrends. (Teal and Orange arrows)

... New signal Type in action

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

JustUncleL

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

JustUncleL