Fractal_Alligator_Zone_Alerts by Pirooz_Trader (JustUncleL )This script is the same code developed by JustUncleL, named Fractal and Alligator Alerts ().
The only modification I made to this script is the application of zone-based color coding to the candle bodies, following Bill Williams' teachings. The color of the candle bodies changes based on the values of two oscillators, Awesome and Accelerator, as follows:
1. If the current bar of both AC and AO is greater than their respective previous bars, the candle color will be green (green zone).
2. If the current bar of both AC and AO is smaller than their respective previous bars, the candle color will be red (red zone).
3. If the current bar of AC and AO differs (one is increasing, the other is decreasing), the candle color will be gray.
Note 1: The border color of the candles represents their actual color (without applying the above conditions).
Note 2: You can disable or modify this candle color coding in the indicator settings.
For more information on trading based on specific zones, I recommend referring to Chapter 7 (Trading In The Zones) of this trader's book, New Trading Dimensions - How To Profit From Chaos In Stocks, Bonds, And Commodities.
