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Awesome

Alligator + Fractals + Divergent & Squat Bars + Signal AlertsThe indicator includes Williams Alligator, Williams Fractals, Divergent Bars, Market Facilitation Index, Highest and Lowest Bars, maximum and minimum peak of Awesome Oscillator, and signal alerts based on Bill Williams' Profitunity strategy. MFI and Awesome Oscillator According to the Market Facilitation Index Oscillator, the Squat bar is colored blue, all other bars are colored according to the Awesome Oscillator color, except for the Fake bars, colored with a lighter AO color. In the indicator settings, you can enable the display of "Green" bars (in the "Green Bars > Show" field). In the indicator style settings, you can disable changing the color of bars in accordance with the AO color (in the "AO bars" field), including changing the color for Fake bars (in the "Fake AO bars" field). MFI is calculated using the formula: (high - low) / volume. A Squat bar means that, compared to the previous bar, its MFI has decreased and at the same time its volume has increased, i.e. MFI < previous bar and volume > previous bar. A sign of a possible price reversal, so this is a particularly important signal. A Fake bar is the opposite of a Squat bar and means that, compared to the previous bar, its MFI has increased and at the same time its volume has decreased, i.e. MFI > previous bar and volume < previous bar. A "Green" bar means that, compared to the previous bar, its MFI has increased and at the same time its volume has increased, i.e. MFI > previous bar and volume > previous bar. A sign of trend continuation. But a more significant trend confirmation or warning of a possible reversal is the Awesome Oscillator, which measures market momentum by calculating the difference between the 5 Period and 34 Period Simple Moving Averages (SMA 5 - SMA 34) based on the midpoints of the bars (hl2). Therefore, by default, the "Green" bars and their opposite "Fade" bars are colored according to the color of the Awesome Oscillator. According to Bill Williams' Profitunity strategy, using the Awesome Oscillator, the third Elliott wave is determined by the maximum peak of AO in the range from 100 to 140 bars. The presence of divergence between the maximum AO peak and the subsequent lower AO peak in this interval also warns of a possible correction, especially if the AO crosses the zero line between these AO peaks. Therefore, the chart additionally displays the prices of the highest and lowest bars, as well as the maximum or minimum peak of AO in the interval of 140 bars from the last bar. In the indicator settings, you can hide labels, lines, change the number of bars and any parameters for the AO indicator - method (SMA, Smoothed SMA, EMA and others), length, source (open, high, low, close, hl2 and others). Bullish Divergent bar 🟢 A buy signal (Long) is a Bullish Divergent bar with a green circle displayed above it if such a bar simultaneously meets all of the following conditions: The high of the bar is below all lines of the Alligator indicator. The closing price of the bar is above its middle, i.e. close > (high + low) / 2. The low of the bar is below the low of 2 previous bars or below the low of one previous bar, and the low of the second previous bar is a lower fractal (▼). By default, Divergent bars are not displayed, the low of which is lower than the low of only one previous bar and the low of the 2nd previous bar is not a lower fractal (▼), but you can enable the display of any Divergent bars in the indicator settings (by setting the value "no" in the " field Divergent Bars > Filtration"). The following conditions strengthen the Bullish Divergent bar signal: The opening price of the bar, as well as the closing price, is higher than its middle, i.e. Open > (high + low) / 2. The high of the bar is below all lines of the open Alligator indicator, i.e. the green line (Lips) is below the red line (Teeth) and the red line is below the blue line (Jaw). In this case, the color of the circle above the Bullish Divergent bar is dark green. Squat Divergent bar. The bar following the Bullish Divergent bar corresponds to the green color of the Awesome Oscillator. Divergence on Awesome Oscillator. Formation of the lower fractal (▼), in which the low of the Divergent bar is the peak of the fractal. Bearish Divergent bar 🔴 A signal to sell (Short) is a Bearish Divergent bar under which a red circle is displayed if such a bar simultaneously meets all the following conditions: The low of the bar is above all lines of the Alligator indicator. The closing price of the bar is below its middle, i.e. close < (high + low) / 2. The high of the bar is higher than the high of 2 previous bars or higher than the high of one previous bar, and the high of the second previous bar is an upper fractal (▲). By default, Divergent bars are not displayed, the high of which is higher than the high of only one previous bar and the high of the 2nd previous bar is not an upper fractal (▲), but you can enable the display of any Divergent bars in the indicator settings (by setting the value "no" in the " field Divergent Bars > Filtration"). The following conditions strengthen the Bearish Divergent bar signal: The opening price of the bar, as well as the closing price, is below its middle, i.e. open < (high + low) / 2. The low of the bar is above all lines of the open Alligator indicator, i.e. the green line (Lips) is above the red line (Teeth) and the red line is above the blue line (Jaw). In this case, the color of the circle under the Bearish Divergent bar is dark red. Squat Divergent bar. The bar following the Bearish Divergent bar corresponds to the red color of the Awesome Oscillator. Divergence on Awesome Oscillator. Formation of the upper fractal (▲), in which the high of the Divergent bar is the peak of the fractal. Alligator lines crossing Bars crossing the green line (Lips) of the open Alligator indicator is the first warning of a possible correction (price rollback) if one of the following conditions is met: If the bar closed below the Lips line, which is above the Teeth line, and the Teeth line is above the Jaw line, while the closing price of the previous bar is above the Lips line. If the bar closed above the Lips line, which is below the Teeth line, and the Teeth line is below the Jaw line, while the closing price of the previous bar is below the Lips line. The intersection of all open Alligator lines by bars is a sign of a deep correction and a warning of a possible trend change. Frequent intersection of Alligator lines with each other is a sign of a sideways trend (flat). Signal Alerts To receive notifications about signals when creating an alert, you must select the condition "Any alert() function is call", in which case notifications will arrive in the following format: D — timeframe, for example: D, 4H, 15m. 🟢 BDB⎾ - a signal for a Bullish Divergent bar to buy (Long), triggers once after the bar closes and includes additional signals: /// — if Alligator is open. ⏉ — if the opening price of the bar, as well as the closing price, is above its middle. + Squat 🔷 - Squat bar or + Green ↑ - "Green" bar or + Fake ↓ - Fake bar. + AO 🟩 - if after the Divergent bar closes, the oscillator color change for the next bar corresponds the green color of the Awesome Oscillator. ┴/┬ — AO above/below the zero line. ∇ — if there is divergence on AO in the interval of 140 bars from the last bar. 🔴 BDB⎿ - a signal for a Bearish Divergent bar to sell (Short), triggers once after the bar closes and includes additional signals: /// — if Alligator is open. ⏊ — if the opening price of the bar, as well as the closing price, is below its middle. + Squat 🔷 - Squat bar or + Green ↑ - "Green" bar or + Fake ↓ - Fake bar. + AO 🟥 - if after the Divergent bar closes, the oscillator color change for the next bar corresponds to the red color of the Awesome Oscillator. ┴/┬ — AO above/below the zero line. ∇ — if there is divergence on AO in the interval of 140 bars from the last bar. Alert for bars crossing the green line (Lips) of the open Alligator indicator (can be disabled in the indicator settings in the "Alligator > Enable crossing lips alerts" field): 🔴 Crossing Lips ↓ - if the bar closed below the Lips line, which is above than the other lines, while the closing price of the previous bar is above the Lips line. 🟢 Crossing Lips ↑ - if the bar closed above the Lips line, which is below the other lines, while the closing price of the previous bar is below the Lips line. The fractal signal is triggered after the second bar closes, completing the formation of the fractal, if alerts about fractals are enabled in the indicator settings (the "Fractals > Enable alerts" field): 🟢 Fractal ▲ - upper (Bearish) fractal. 🔴 Fractal ▼ — lower (Bullish) fractal. ⚪️ Fractal ▲/▼ - both upper and lower fractal. ↳ (H=high - L=low) = difference. If you redirect notifications to a webhook URL, for example, to a Telegram bot, then you need to set the notification template for the webhook in the indicator settings in the "Webhook > Message" field (contains a tooltip with an example), in which you just need to specify the text {{message}}, which will be automatically replaced with the alert text with a ticker and a link to TradingView. ‼️ A signal is not a call to action, but only a reason to analyze the chart to make a decision based on the rules of your strategy. *** Индикатор включает в себя Williams Alligator, Williams Fractals, Дивергентные бары, Market Facilitation Index, самый высокий и самый низкий бары, максимальный и минимальный пик Awesome Oscillator, а также оповещения о сигналах на основе стратегии Profitunity Билла Вильямса. MFI и Awesome Oscillator В соответствии с осциллятором Market Facilitation Index Приседающий бар окрашен в синий цвет, все остальные бары окрашены в соответствии с цветом Awesome Oscillator, кроме Фальшивых баров, которые окрашены более светлым цветом AO. В настройках индикатора вы можете включить отображение "Зеленых" баров (в поле "Green Bars > Show"). В настройках стиля индикатора вы можете выключить изменение цвета баров в соответствии с цветом AO (в поле "AO bars"), в том числе изменить цвет для Фальшивых баров (в поле "Fake AO bars"). MFI рассчитывается по формуле: (high - low) / volume. Приседающий бар означает, что по сравнению с предыдущим баром его MFI снизился и в тоже время вырос его объем, т.е. MFI < предыдущего бара и объем > предыдущего бара. Признак возможного разворота цены, поэтому это особенно важный сигнал. Фальшивый бар является противоположностью Приседающему бару и означает, что по сравнению с предыдущим баром его MFI увеличился и в тоже время снизился его объем, т.е. MFI > предыдущего бара и объем < предыдущего бара. "Зеленый" бар означает, что по сравнению с предыдущим баром его MFI увеличился и в тоже время вырос его объем, т.е. MFI > предыдущего бара и объем > предыдущего бара. Признак продолжения тренда. Но более значимым подтверждением тренда или предупреждением о возможном развороте является Awesome Oscillator, который измеряет движущую силу рынка путем вычисления разницы между 5 Периодной и 34 Периодной Простыми Скользящими Средними (SMA 5 - SMA 34) по средним точкам баров (hl2). Поэтому по умолчанию "Зеленые" бары и противоположные им "Увядающие" бары окрашены в соответствии с цветом Awesome Oscillator. По стратегии Profitunity Билла Вильямса с помощью осциллятора Awesome Oscillator определяется третья волна Эллиота по максимальному пику AO в интервале от 100 до 140 баров. Наличие дивергенции между максимальным пиком AO и следующим за ним более низким пиком AO в этом интервале также предупреждает о возможной коррекции, особенно если AO переходит через нулевую линию между этими пиками AO. Поэтому на графике дополнительно отображаются цены самого высокого и самого низкого баров, а также максимальный или минимальный пик АО в интервале 140 баров от последнего бара. В настройках индикатора вы можете скрыть метки, линии, изменить количество баров и любые параметры для индикатора AO – метод (SMA, Smoothed SMA, EMA и другие), длину, источник (open, high, low, close, hl2 и другие). Бычий Дивергентный бар 🟢 Сигналом на покупку (Long) является Бычий Дивергентный бар над которым отображается зеленый круг, если такой бар соответствует одновременно всем следующим условиям: Максимум бара ниже всех линий индикатора Alligator. Цена закрытия бара выше его середины, т.е. close > (high + low) / 2. Минимум бара ниже минимума 2-х предыдущих баров или ниже минимума одного предыдущего бара, а минимум второго предыдущего бара является нижним фракталом (▼). По умолчанию не отображаются Дивергентные бары, минимум которых ниже минимума только одного предыдущего бара и минимум 2-го предыдущего бара не является нижним фракталом (▼), но вы можете включить отображение любых Дивергентных баров в настройках индикатора (установив значение "no" в поле "Divergent Bars > Filtration"). Усилением сигнала Бычьего Дивергентного бара являются следующие условия: Цена открытия бара, как и цена закрытия, выше его середины, т.е. Open > (high + low) / 2. Максимум бара ниже всех линий открытого индикатора Alligator, т.е. зеленая линия (Lips) ниже красной линии (Teeth) и красная линия ниже синей линии (Jaw). В этом случае цвет круга над Бычьим Дивергентным баром окрашен в темно-зеленый цвет. Приседающий Дивергентный бар. Бар, следующий за Бычьим Дивергентным баром, соответствует зеленому цвету Awesome Oscillator. Дивергенция на Awesome Oscillator. Образование нижнего фрактала (▼), у которого минимум Дивергентного бара является пиком фрактала. Медвежий Дивергентный бар 🔴 Сигналом на продажу (Short) является Медвежий Дивергентный бар под которым отображается красный круг, если такой бар соответствует одновременно всем следующим условиям: Минимум бара выше всех линий индикатора Alligator. Цена закрытия бара ниже его середины, т.е. close < (high + low) / 2. Максимум бара выше маскимума 2-х предыдущих баров или выше максимума одного предыдущего бара, а максимум второго предыдущего бара является верхним фракталом (▲). По умолчанию не отображаются Дивергентные бары, максимум которых выше максимума только одного предыдущего бара и максимум 2-го предыдущего бара не является верхним фракталом (▲), но вы можете включить отображение любых Дивергентных баров в настройках индикатора (установив значение "no" в поле "Divergent Bars > Filtration"). Усилением сигнала Медвежьего Дивергентного бара являются следующие условия: Цена открытия бара, как и цена закрытия, ниже его середины, т.е. open < (high + low) / 2. Минимум бара выше всех линий открытого индикатора Alligator, т.е. зеленая линия (Lips) выше красной линии (Teeth) и красная линия выше синей линии (Jaw). В этом случае цвет круга под Медвежьим Дивергентным Баром окрашен в темно-красный цвет. Приседающий Дивергентный бар. Бар, следующий за Медвежьим Дивергентным баром, соответствует красному цвету Awesome Oscillator. Дивергенция на Awesome Oscillator. Образование верхнего фрактала (▲), у которого максимум Дивергентного бара является пиком фрактала. Пересечение линий Alligator Пересечение барами зеленой линии (Lips) открытого индикатора Alligator является первым предупреждением о возможной коррекции (откате цены) при выполнении одного из следующих условий: Если бар закрылся ниже линии Lips, которая выше линии Teeth, а линия Teeth выше линии Jaw, при этом цена закрытия предыдущего бара находится выше линии Lips. Если бар закрылся выше линии Lips, которая ниже линии Teeth, а линия Teeth ниже линии Jaw, при этом цена закрытия предыдущего бара находится ниже линии Lips. Пересечение барами всех линий открытого Alligator является признаком глубокой коррекции и предупреждением о возможной смене тренда. Частое пересечение линий Alligator между собой является признаком бокового тренда (флэт). Оповещения о сигналах Для получения уведомлений о сигналах при создании оповещения необходимо выбрать условие "При любом вызове функции alert()", в таком случае уведомления будут приходить в следующем формате: D — таймфрейм, например: D, 4H, 15m. 🟢 BDB⎾ — сигнал Бычьего Дивергентного бара на покупку (Long), срабатывает один раз после закрытия бара и включает дополнительные сигналы: /// — если Alligator открыт. ⏉ — если цена открытия бара, как и цена закрытия, выше его середины. + Squat 🔷 — Приседающий бар или + Green ↑ — "Зеленый" бар или + Fake ↓ — Фальшивый бар. + AO 🟩 — если после закрытия Дивергентного бара, изменение цвета осциллятора для следующего бара соответствует зеленому цвету Awesome Oscillator. ┴/┬ — AO выше/ниже нулевой линии. ∇ — если есть дивергенция на AO в интервале 140 баров от последнего бара. 🔴 BDB⎿ — сигнал Медвежьего Дивергентного бара на продажу (Short), срабатывает один раз после закрытия бара и включает дополнительные сигналы: /// — если Alligator открыт. ⏊ — если цена открытия бара, как и цена закрытия, ниже его середины. + Squat 🔷 — Приседающий бар или + Green ↑ — "Зеленый" бар или + Fake ↓ — Фальшивый бар. + AO 🟥 — если после закрытия Дивергентного бара, изменение цвета осциллятора для следующего бара соответствует красному цвету Awesome Oscillator. ┴/┬ — AO выше/ниже нулевой линии. ∇ — если есть дивергенция на AO в интервале 140 баров от последнего бара. Сигнал пересечения барами зеленой линии (Lips) открытого индикатора Alligator (можно отключить в настройках индикатора в поле "Alligator > Enable crossing lips alerts"): 🔴 Crossing Lips ↓ — если бар закрылся ниже линии Lips, которая выше остальных линий, при этом цена закрытия предыдущего бара находится выше линии Lips. 🟢 Crossing Lips ↑ — если бар закрылся выше линии Lips, которая ниже остальных линий, при этом цена закрытия предыдущего бара находится ниже линии Lips. Сигнал фрактала срабатывает после закрытия второго бара, завершающего формирование фрактала, если оповещения о фракталах включены в настройках индикатора (поле "Fractals > Enable alerts"): 🟢 Fractal ▲ — верхний (Медвежий) фрактал. 🔴 Fractal ▼ — нижний (Бычий) фрактал. ⚪️ Fractal ▲/▼ — одновременно верхний и нижний фрактал. ↳ (H=high - L=low) = разница. Если вы перенаправляете оповещения на URL вебхука, например, в бота Telegram, то вам необходимо установить шаблон оповещения для вебхука в настройках индикатора в поле "Webhook > Message" (содержит подсказку с примером), в котором в качестве текста сообщения достаточно указать текст {{message}}, который будет автоматически заменен на текст оповещения с тикером и ссылкой на TradingView. ‼️ Сигнал — это не призыв к действию, а лишь повод проанализировать график для принятия решения на основе правил вашей стратегии.
Pine Script™ indicator
by grigorykov
32
Awesome Oscillator + Bars count lines + EMA LineThe indicator includes an Awesome Oscillator with 2 vertical lines at a distance of 100 and 140 bars from the last bar to determine the third Elliott wave by the maximum peak of AO in the interval from 100 to 140 bars according to Bill Williams' Profitunity strategy. Additionally, a faster EMA line is displayed that calculates the difference between 5 Period and 34 Period Exponential Moving Averages (EMA 5 - EMA 34) based on the midpoints of the bars, just like AO calculates the difference between Simple Moving Averages (SMA 5 - SMA 34). In the indicator settings, you can change the number of bars for vertical lines and any parameters for AO and EMA - method (SMA, Smoothed SMA, EMA and others), length, source (open, high, low, close, hl2 and others). *** Индикатор включает Awesome Oscillator с 2 вертикальными линиями на расстоянии 100 и 140 баров от последнего бара, чтобы определить третью волну Эллиота по максимальному пику AO в интервале от 100 до 140 баров по стратегии Profitunity Билла Вильямса. Дополнительно отображается более быстрая линия EMA, которая вычисляет разницу между 5 Периодной и 34 Периодной Экспоненциальными Скользящими Средними (EMA 5 - EMA 34) по средним точкам баров (hl2), точно так же, как AO вычисляет разницу между Простыми Скользящими Средними (SMA 5 - SMA 34). В настройках индикатора вы можете изменить количество баров для вертикальных линий и любые параметры для AO и EMA – метод (SMA, Smoothed SMA, EMA и другие), длину, источник (open, high, low, close, hl2 и другие).
Pine Script™ indicator
by grigorykov
28
Awesome Cumulative Volume OscillatorThe indicator is called the "Awesome Cumulative Volume Oscillator" (ACVO), which analyzes the cumulative trading volume of the underlying asset. The indicator also plots the deviation of the cumulative trading volume from the first SMA value, which is referred to as the "Cumulative Volume Deviation". The zero-line is plotted as a reference point. If the "Cumulative Volume Deviation" is greater than 0, it indicates an uptrend, as the cumulative trading volume is above the first SMA value. If the "Cumulative Volume Deviation" is less than 0, it indicates a downtrend, as the cumulative trading volume is below the first SMA value. However, it is important to note that using a single indicator is not sufficient to conduct a comprehensive market analysis. It is necessary to combine multiple indicators and analysis methods to make informed trading decisions.
Pine Script™ indicator
by brettkind
4
[UPRIGHT Trading] Awesome MACD+ (cc)Hello Traders, I'd like to introduce you all to the Awesome MACD+ indicator. As most of you know, the Moving Average Convergence Divergence, MACD, indicator is a one of the most popular indicator among traders. The MACD is a trend-momentum indicator that measures the relationship between moving averages and uses a signal line to show crossovers between the MACD line. The signal line is generally used as a trigger for buy/sell signals with a cross of the MACD line or confirmation when used with other strategies. More advanced traders will look for divergences; divergences can, for example, indicate a weakness in the current trend. How the Awesome MACD+ is different: This MACD uses several complex equations and filters to improve accuracy. Multiple extremely accurate Buy/Sell signals not found on a traditional MACD indicator. Ability to use 2 different background highlight signals and several different buy/sell signals. Fully customizable (as always), ability to turn on or off any signals, change any of the colors to suit your needs. ***I've used Bitcoin in the chart above just to show that it is still extremely accurate using alt-coins as well. On AAPL Advanced algo trend filtering Easy to read signals for every level of trader. ..Can work for the minimalist. ..Those that want every signal. ..Those that like a balance of signals. Whatever your style or skill level, the Awesome MACD+ can be customized to fit your needs. The above chart should look like this: Good luck Traders. Cheers, Mike (UPRIGHT Trading)
Pine Script™ indicator
by UPRIGHTTrading
M.Right Awesome RSI+ (cc)Hey Traders, Tonight I figured I'd release a special indicator that I've had in the works for years and finally was able to piece it together using pine. It's an extremely accurate take on the RSI. I plan to continue to refine the indicator and add more features, but as it is this is still one you can make a lot of money with. (((((Please note: all circles and arrows in the chart above are drawn for illustration. Below is a chart showing regular session))))) This indicator will act similarly to a regular RSI (Relative Strength Indicator) in that there are Oversold and Overbought levels, but also volatility bands around it to allow for more accurate signals whilst moving the Oversold (OS) and Overbought (OB) levels further apart ( less false OB/OS signals ). As shown in the chart above, it's able to detect some pretty big moves with both speed and accuracy . Most of you are familiar with and use an RSI indicator so I will keep this description as brief as possible: The Relative Strength Index (RSI), developed by the legendary J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements; it oscillates between 0 - 100, with levels set as Overbought and Oversold. These levels are where a trader make look for a reversal, however they must keep in mind in an uptrend or bull market, the RSI tends to remain in the 40 - 90 range; 40 - 50 zone often will act as support. More advanced traders will also look for divergences between the price and the oscillator (i.e. price trending upward while oscillator trending downward). As far as oscillators go, the RSI is one of the most frequently used, by both advanced and beginner traders alike. Works great on multiple timeframes. It may not catch every rally, but it will catch most --even on smaller timeframes (i.e. 5 minutes in image below). As with all of my scripts I like to make them customizable: You can change the up and down colors on the RSI ribbons and the color and style (dotted shown) of Overbought / Oversold lines. In future versions, I will add more color customizations and additions. Can toggle 1 or both of the 2 highlight signals off to make it a little more plain. Lot's of ways to make it look the way you'd like it to. --The alerts include both the super accurate Bullish and Bearish signals shown with the background highlights. They are pre-filled so it will automatically display the price and time that the alert went off for you. If I missed anything or you have a question, please let me know! Cheers, Mike Please note: I have made this indicator invite only, send me a DM if you're interested in trying it out.
Pine Script™ indicator
by UPRIGHTTrading
2
INDIGO - Cloud System ©INDIGO Cloud System © This script shows the monthly dip and peak zones and the daily highs & lows. The green zone is the dip zone. It's the place to enter a long position if you think there is or will be a reversal. The red zone is the peak zone. It's the place to enter a short position if you think there is or will be a reversal. The script uses the INDIGO Cloud System ©, the Ultimate RSI and the Market Direction Indicator to find an entry at the most optimal point in space and time. The exit for the long trade is on the purple line and the exit for the short trade is on the blue line. It also has an RSI exit to minimize the risk of a sudden reversal in the wrong direction while in trade. You can set TP and SL to see the effects of it on the chart. Be aware that these change a lot of trades so use it wisely. The labels are connected to alerts to notify you of a possible entry or exit. This script uses the Ultimate RSI by ChrisMoody, thanks for creating this Chris ! This script also uses the Market Direction Indicator by LazyBear, great script ! You can use the MD Filter to filter out some bad trades. It decreases losses but also some profits. Experiment with the settings, each pairing needs different settings. --> Use this script at your own risk. Do your own research, never invest money you're not willing to lose and never put your trust in one indicator ! To my best knowledge this script doesn't repaint. I never use the close and only use high/low when value can't be untrue again. If you find repainting in this script PLEASE let me know ! Feel free to contact me for questions or feedback. Enjoy the script :)
Pine Script™ indicator
by TrendSniper1989
3
Gator RibbonThere's nothing fancy here--I just like the look of this one. And it works pretty well. This started out as the standard Alligator indicator. There I reset all the offsets to 0 and added an Ichimoku Cloudish fill. Astute observers will notice a fourth line has been added at 34 SMA. It's a bit of a cheat. 34 SMA is the zero line of another classic B. Williams indicator, the Awesome Oscillator. When the green line crosses over 34 SMA, it's quite likely the Awesome Oscillator will have changed sentiment as well. It also makes a nice loose trailing stop loss reference if you're hoping to get into some long trends.
Pine Script™ indicator
by stvch
2
Awesome Accelerator Oscillator (combo AO/AC)=========== Awesome Accelerator Oscillator =========== A Combination of the Awesome Oscillator and the Accelerator Oscillator in one handy histogram. ----------- Editable settings include Fast Length , Slow Length and Trigger Length to provide a comprehensive indicator from a combination of Bill Williams' two most famous oscillators. Background color changes depending on overall/combined oscillator direction (gray for null ). There's not much else to say about this indicator - does what it says on the tin! Good Luck and Happy Trading!
Pine Script™ indicator
by theCrypster
3
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.
Pine Script™ indicator
by HPotter
MACD-AO MACD-AO is programmed by Ruben Jaramillo MACD-AO , short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is supposed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price. The MACD-AO indicator (oscillator) is a collection of three time series calculated from historical price data, most often the closing price. These three series are: the MACD-AO series proper, the "signal" or "average" series, and the "divergence" series which is the difference between the two. The MACD-AO series is the difference between a "fast" (short period) exponential moving average (EMA), and a "slow" (longer period) EMA of the price series. The average series is an EMA of the MACD-AO series itself. The MACD-AO indicator thus depends on three time parameters, namely the time constants of the three EMAs. The notation " MACD-AO (a,b,c)" usually denotes the indicator where the MACD-AO series is the difference of EMAs with characteristic times a and b, and the average series is an EMA of the MACD-AO series with characteristic time c. These parameters are usually measured in days. The most commonly used values are 12, 26, and 9 days, that is, MACD-AO (12,26,9). As true with most of the technical indicators, MACD-AO also finds its period settings from the old days when technical analysis used to be mainly based on the daily charts. The reason was the lack of the modern trading platforms which show the changing prices every moment. As the working week used to be 6-days, the period settings of (12, 26, 9) represent 2 weeks, 1 month and one and a half week. Now when the trading weeks have only 5 days, possibilities of changing the period settings cannot be overruled. However, it is always better to stick to the period settings which are used by the majority of traders as the buying and selling decisions based on the standard settings further push the prices in that direction. The MACD-AO and average series are customarily displayed as continuous lines in a plot whose horizontal axis is time, whereas the divergence is shown as a bar graph (often called a histogram). A fast EMA responds more quickly than a slow EMA to recent changes in a stock's price. By comparing EMAs of different periods, the MACD-AO series can indicate changes in the trend of a stock. It is claimed that the divergence series can reveal subtle shifts in the stock's trend. Since the MACD-AO is based on moving averages, it is inherently a lagging indicator. As a metric of price trends, the MACD-AO is less useful for stocks that are not trending (trading in a range) or are trading with erratic price action.
Pine Script™ indicator
by rubend18
1
3/10/16 Oscillator + HistogramThe MACD indicator is very useful when thinking of it in terms of momentum and trend and not as a holy grail. "The 3-10 oscillator is 'something I’ve been using since 1981," Raschke says. "It’s the difference between a three-day simple moving average and a 10-day simple moving average. Plus, there’s a second line which is a 16-period simple moving average of the 3-10 line." Read these for more information the 3/10 Oscillator usage: www.netpicks.com lindaraschke.net I've added the Awesome Oscillator as an extra filter for trend direction. The coloring is helpful but keeping an eye on the general trend of the oscillators is important to filter noise. Bar color triggers: Signal line (white line) crosses over 0 => green Signal line (white line) crosses under 0 => maroon Oscillator (lime/red line) cross over signal line => blue Oscillator (lime/red line) cross under signal line => yellow Oscillator (lime/red line) uptrending => continuous aqua Oscillator (lime/red line) uptrending => continuous peach Awesome Oscillator's current close is trending upward compared to its close from 5 bars back => continuous lime Awesome Oscillator's current close is trending downward compared to its close from 5 bars back => continuous red Background color triggers: Oscillator (lime/red line) cross over 0 => single lime highlight Oscillator (lime/red line) cross under 0 => single red highlight Awesome Oscillator cross over 0 => single green highlight Awesome Oscillator cross under 0 => single maroon highlight Awesome Oscillator's current close is trending upward compared to its close from 5 bars back => lime highlight Awesome Oscillator's current close is trending downward compared to its close from 5 bars back => red highlight
Pine Script™ indicator
by NeoButane
B3 Awesome Oscillator IIThe Awesome Oscillator is a simple average of the HL2 mean done at length 5 and 34 and taking the difference of the two. The Elliot Wave Oscillator is similar to this as well. What I have done is make my own version AO-II for my tastes. I use DTI a bunch and when range contracts and trends aren't solid, a more responsive indicator is needed, and that is where AO-II comes in. Then in some chop or even in a slow rolling trend, they both suffer as you can see in the middle of the chart above. But in general, AO-II is the jitterier little cousin. In this modification of a standard, I have added a (code-protected) derivative to the mix that will help bring the oscillator back to zero more often than its momentum measuring counterparts. The offset is set to 1 by default meaning it will not change in the current bar as it moves along. This also makes all the crosses appear late in history, but you will notice that the signal crossings are all still fairly lag free. Much like in DTI, in AO-II you should note the slope and relation to zero. Divergences can be seen in AO-II, and depending on the action it can be wrong, so careful there. I think the idea behind most momentum indicators is to look for entry on overages in direction that might be looking to correct or reverse. Then once in the trade going the correct way with your indicator you stay the course till indicator tells you to exit.
Pine Script™ indicator
by HammondB3