OPEN-SOURCE SCRIPT
Ultimate Buy/Sell Indicator
Updated
An Indicator based on the William Alligator, helping to find suitable entry and exit points.
Release Notes
Updated default values to reduce the noise and show less but clearer signals including emojis.Release Notes
Basically, I almost rewrote the whole script. 😅I now added "early" Signals, which are actually closer to the intended use of the Williams Alligator. They show once the first candle completely closes above/below both the jaw and the lips. During a continuous trend the early signals can show multiple times, once an opposite "early" signal shows.
Additionally, I added a 200 SMA for further guidance.
My ultimate (🌝) goal is to create a buy/sell indicator which incorporates multiple indicators into one.
Hope this helps and feedback is always very welcome!
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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