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Bill Williams Indicators

BEST ABCD Pattern StrategyHello traders This is the strategy version of this script I - Concept I present to you, ladies and gentlemen, the first screener for harmonic patterns. Starting with an ACBD pattern screener this time!! I used the calculations from Ricardo Santo's script In short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A masterpiece !!! II - Definitions The ABCD pattern ( AB=CD ) is one of the classic chart patterns which is repeated over and over again. The ABCD pattern shows perfect harmony between price and time. The Williams Fractal is an indicator, developed by Bill Williams, that aims to detect reversal points (highs and lows) and marks them with arrows. Up fractals and down fractals have specific shapes. The Williams Fractal indicator helps users determine in which direction price will develop 💎Strategy filters💎 I included some cool backtest filters: - flexible take profit in USD value (plotted in blue) - flexible stop loss in USD value (plotted in red) The take profit and stop loss should work with Forex/FX pairs as well All the BEST Dave
Pine Script™ strategy
by Daveatt
19
Scalping with Bill Williams AlligatorScalping strategy based on Bill Williams Alligator technique but calculated with heikin ashi candles. This strategy has to be applied to standard candles and low time frames (1min to 5min) Thanks to all pinescripters mentined in the code for their snippets. It could be improved with stop loss based on ATR etc. I have also a study with alerts. Please use comment section for any feedback or contact me if you need support.
Pine Script™ strategy
by 03.freeman
28
RSI Alligator StrategyHello trading family! Just wanted to give a quick write up and share the new code for the RSI Alligator Strategy. I amended it to show every crossover signal, weak and strong, so we can accurately gauge its effectiveness. Having played with this for a couple hours now I have learned a few things -Using Heikin Ashi seems to smooth it out a bit and provides about 20% fewer signals, leading to overall more accuracy. However, it can be misleading as the Heikin Ashi opening price doesn't always line up with the market price, especially in cases of large moves. Overall though it didn't seem too far off except for a few instances. -Also, using the Heikin Ashi gives you a better idea of the trend, which this indicator is primarily used to detect and exploit. -Having tested on TF of 1H-1D, overall profitability is found to be highest between 4H-12H, with 1D giving the "safest" longer term signals, and lower TF's generating many more signals due to volatility. -Instead of waiting for the next signal in order to close, you can often use a crossover/crossunder of the 5 and 13 to close the previous trade, especially if paired with a Heikin Ashi of opposite color (green to close a short, red to close a long) -You will also notice several instances where the Green 5 period show divergences that aren't visible on the regular RSI, another handy little feature So far I have still only tested this on BTCUSD. Feel free to apply it to any coin and let me know what you find. Here is the script. If you have any ideas or suggestions please let me know!
Pine Script™ strategy
by Bitcoinnoisseur
3
Smoothened Williams Accumulation/Distribution (Williams AD) Accumulation is a term used to describe a market controlled by buyers; whereas distribution is defined by a market controlled by sellers. Williams recommends trading this indicator based on divergences: Distribution of the security is indicated when the security is making a new high and the A/D indicator is failing to make a new high. Sell. Accumulation of the security is indicated when the security is making a new low and the A/D indicator is failing to make a new low. Buy. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
6
Williams Accumulation/Distribution (Williams AD) Backtest Accumulation is a term used to describe a market controlled by buyers; whereas distribution is defined by a market controlled by sellers. Williams recommends trading this indicator based on divergences: Distribution of the security is indicated when the security is making a new high and the A/D indicator is failing to make a new high. Sell. Accumulation of the security is indicated when the security is making a new low and the A/D indicator is failing to make a new low. Buy. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
Accelerator Oscillator (AC) Backtest The Accelerator Oscillator has been developed by Bill Williams as the development of the Awesome Oscillator. It represents the difference between the Awesome Oscillator and the 5-period moving average, and as such it shows the speed of change of the Awesome Oscillator, which can be useful to find trend reversals before the Awesome Oscillator does. You can change long to short in the Input Settings Please, use it only for learning or paper trading. Do not for real trading
Pine Script™ strategy
by HPotter
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.
Pine Script™ strategy
by HPotter
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.
Pine Script™ strategy
by HPotter
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.
Pine Script™ strategy
by HPotter
1