Enhanced Williams %RThe Enhanced Williams %R Indicator was created by Robert J Kinder Jr (Stocks & Commodities V5:5 (180-182)) and is based on the Williams %R Indicator. It takes volume into account and the buy and sell signals are pretty much the same. I would recommend to buy when the indicator is over the signal and if you want a confirmation then also make sure the signal is above 0. Sell if it falls below the signal or if the signal goes below 0 or of course buy or sell when the indicator goes into overbought or oversold territory.
I'm still tinkering with this indicator and it is the first time I have seen this indicator script published so let me know if you have any suggestions for me.
And of course let me know if you would like me to write indicators for you or anything else you would like to see!
Bill_williams
Market Facilitation Index (MFI) in combination with VolumeMarket Facilitation Index indicator taken from "Trading Chaos" by Bill Williams.
MFI must be used in combination with volume:
GREEN = Volume up + MFI up (indicated by a green diamond)
SQUAT = Volume up + MFI down (indicated by a purple star)
FAKE = Volume down + MFI up (indicated by a red x)
FADE = Volume down + MFI down (indicated by a grey circle)
PS you can hide the orange MFI histogram in settings since you already have signals shown.
Gaussian Acceleration/Deceleration by KviateqBill Williams' AC (Acceleration/Deceleration), made using Gaussian-smoother Moving Averages and a 5-period EMA instead of the usual SMA.
Since Gaussian MA's are faster reacting than the typical SMAs values have been adjusted accordingly.
See also Gaussian Alligator and GaussianAO for a complete gaussian chaos trading system.
These scripts are made to honor Bill and his amazing work and my humble attempt at contributing to his work
Gaussian Awesome Oscillator by KviateqBill Williams' Awesome Oscillator, made using Gaussian-smoother Moving Averages.
Since Gaussian MA's are faster reacting than the typical SMAs values have been adjusted accordingly.
See also Gaussian Alligator and GaussianACDC for a complete gaussian chaos trading system.
These scripts are made to honor Bill and his amazing work and my humble attempt at contributing to his work
Gaussian Alligator by KviateqBill Williams' Alligator, made using Gaussian-smoother Moving Averages.
Since Gaussian MA's are faster reacting than the typical SMAs values have been adjusted accordingly.
See also GaussianAO and GaussianACDC for a complete gaussian chaos trading system.
These scripts are made to honor Bill and his amazing work and my humble attempt at contributing to his work
Combo Backtest 123 Reversal & Bill Williams. AO with Signal Line This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
You can make changes in the property for set calculating strategy MA, EMA, WMA
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Strategy 123 Reversal & Bill Williams. AC with Signal Line This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
You can make changes in the property for set calculating strategy MA, EMA, WMA
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Bill Williams Averages. 3Lines This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This indicator calculates 3 Moving Averages for default values of
13, 8 and 5 days, with displacement 8, 5 and 3 days: Median Price (High+Low/2).
The most popular method of interpreting a moving average is to compare
the relationship between a moving average of the security's price with
the security's price itself (or between several moving averages).
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Strategy 123 Reversal & Bill Williams Averages. 3Lines This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This indicator calculates 3 Moving Averages for default values of
13, 8 and 5 days, with displacement 8, 5 and 3 days: Median Price (High+Low/2).
The most popular method of interpreting a moving average is to compare
the relationship between a moving average of the security's price with
the security's price itself (or between several moving averages).
WARNING:
- For purpose educate only
- This script to change bars colors.
Gator OscillatorThis indicator was originally developed by Bill M. Williams. It shows the degree of convergence / divergence of the Alligator lines.
Williams MFI (Market Facilitation Index)This is an oscillator that shows bill williams MFI (market facilitation index) this value can be used in other parts of bill williams system like calculation of momentum, by having this side by side with my momentum oscillator when it takes mfi as input, you can have better understanding on why the momentum moves in special way.
BullTrading Parabolic TrendBullTrading Parabolic Trend is an experimental Indicator that filters main trend with minimum lag. The secondary filter smooths Parabolic Sar signals.
Entries are based on Transient Zones Theory, Bill Williams Alligator, Fractals and Elliott Wave Oscillator.
Bill Williams Divergent BarsBill William Bull/Bear divergent bars
See: Book, Trading Chaos by Bill Williams
Coded by polyclick
A bullish (green) divergent bar, signals a trend switch from bear -> bull
-> The current bar has a lower low than the previous bar, but closes in the upper half of the candle.
-> This means the bulls are pushing from below and are trying to take over, potentially resulting in a trend switch to bullish.
-> We also check if this bar is below the three alligator lines to avoid false positives.
A bearish (red) divergent bar, signals a trend switch from bull -> bear
-> The current bar has a higher high than the previous bar, but closes in the lower half of the candle.
-> This means the bears are pushing the price down and are taking over, potentially resulting in a trend switch to bearish.
-> We also check if this bar is above the three alligator lines to avoid false positives.
Best used in combination with the Bill Williams Alligator indicator.
BullTrading Chaos Trend WaveHave you ever wonder how the Elliott Wave looks like?
If you trade with price action you are going to love this stuff... It is based on the same Mandelbrot Chaos Theory principles in order to trade with Bill Williams fractals. Chaos Trend Wave indicator displays in your chart the different Elliott wave layers making price action trading very intuitive.
The standard settings are 126, 1, 5, 21 displaying the immediate bigger wave from your current layer, display settings for your current layer and "balance point" are: 126, 1, 3, 13. Use Fib sequence in the last two numbers in order to correctly change between wave layers: 126, 1, 8, 34 and 126, 1, 13, 55 (This is the higher setting, it is very useful to spot and trade trending markets).
Bill Williams. Awesome Oscillator (AO) Backtest This indicator is based on Bill Williams` recommendations from his book
"New Trading Dimensions". We recommend this book to you as most useful reading.
The wisdom, technical expertise, and skillful teaching style of Williams make
it a truly revolutionary-level source. A must-have new book for stock and
commodity traders.
The 1st 2 chapters are somewhat of ramble where the author describes the
"metaphysics" of trading. Still some good ideas are offered. The book references
chaos theory, and leaves it up to the reader to believe whether "supercomputers"
were used in formulating the various trading methods (the author wants to come across
as an applied mathemetician, but he sure looks like a stock trader). There isn't any
obvious connection with Chaos Theory - despite of the weak link between the title and
content, the trading methodologies do work. Most readers think the author's systems to
be a perfect filter and trigger for a short term trading system. He states a goal of
10%/month, but when these filters & axioms are correctly combined with a good momentum
system, much more is a probable result.
There's better written & more informative books out there for less money, but this author
does have the "Holy Grail" of stock trading. A set of filters, axioms, and methods which are
the "missing link" for any trading system which is based upon conventional indicators.
This indicator plots the oscillator as a histogram where periods fit for buying are marked
as blue, and periods fit for selling as red. If the current value of AC (Awesome Oscillator)
is over the previous, the period is deemed fit for buying and the indicator is marked blue.
If the AC values is not over the previous, the period is deemed fir for selling and the indicator
is marked red.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.
Bill Williams. Awesome Oscillator (AC) Backtest This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.
Williams Gator Oscillator 2Based on @Petros Williams Gator Oscillator script
Modifed by @PolarSolar - fix histogramm offset to original and added different colors to more understanding Gator histogramm
The Gator Oscillator histogram above zero shows the absolute difference between blue and red lines of Alligator indicator,
while histogram below zero shows the absolute difference between red and green lines.
There are green and red bars on the Gator Oscillator histograms.
A green bar appears when its value is higher than the value of the previous bar.
A red bars appears when its value is lower than the value of the previous bar.
Gator Oscillator helps to better visualize the upcoming changes in the trends: to know when Alligator sleeps, eats, fills out and is about to go to sleep.
Bill Williams. Awesome Oscillator (AC) Strategy Backtest This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
You can make changes in the property for set calculating strategy MA, EMA, WMA
Please, use it only for learning or paper trading. Do not for real trading.
True Williams Alligator (Timeframe Multiplier)Modified version of my original "True Williams Alligator (SMMA)" indicator that includes a multiplier to show the alligator (ie elliot wave mode) of higher timeframes. See original indicator for details.
Note: First script submission. Didn't mean to use this chart. Ugly and messy. Oops.
True Williams Alligator (Timeframe Multiplier)Modified version of the true alligator indicator (ie SMMA) that features a timeframe multiplier so that you can monitor the elliott wave of higher timeframes. (See original "True Williams Alligator" for more details.)
Note: First script submission. Didn't mean to use this chart. Also this is a duplicate post -- oops.
True Williams Alligator (SMMA)The built-in implementation of the alligator is incorrect. It uses SMA with altered input parameters to approximate the true alligator indicator.
The alligator was created with a supercomputer to model the elliott wave - it's very apart from other MA techniques. The built-in approximation (and similar techniques) and the true alligator yield very different conclusions. Hence the need for this, a true and exact implementation of "The Mighty Alligator" (Bill Williams, Trading Chaos 1, New Trading Dimensions, Trading Chaos 2).
Note: First script submission. Didn't mean to use this chart. Ugly and messy. Oops.