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Bill Williams Indicators

Fractal Breakout Strategy [KL]Fractal Breakout Strategy This strategy will enter into a Long position when (a) bullish fractal is formed, combined with (b) ATR is relatively low. Trailing stop loss is set based on ATR. Bullish fractal pattern : A bullish fractal pattern looks like this: It is formed when lower-low has reached a local minimum followed by higher-lows. By default, this script plots the pivot point (the local minimum) using green crosses. This line will extend to the right until the next bullish fractal is formed. The local minimum pivot point is considered as key level of support. For long position entry, entry price must be higher or equal to it. On the other hand, a bearish fractal pattern looks like the exact opposite. Reversing the logic, it is a local maximum indicated by higher-highs followed by lower-highs. This is shown by red crosses. Why use ATR to confirm entry : Two reasons to enter when ATR is low: 1) Since trailing stop loss is based on ATR, entering the market when ATR is low means risking less for potentially high reward. 2) Low ATR often signals price consolidation. There are two favorable scenarios, either: (i) period of accumulation, or (ii) bull flag, ideally followed by breakout. Determining whether ATR is low : Relative lows are quantified out by using the method in my other script: Modified ATR Indicator The method involves applying two-tailed hypothesis testing to assess whether ATR (ie. by default lookback period of 5) has greatly deviated from a larger sample size (ie. lookback period of 50). Assuming ATR is normally distributed and variance is known, then test statistic (z) can be used to determine whether ATR5 is within the critical area under Null Hypothesis: ATR5 == ATR50. If z falls below/above the left/right critical values (ie. 1.645 for a 90% confidence interval), then ATR is determined to the relatively low/high respectively. For the purpose of assessing whether ATR is low, the left-tail is the main focus. Profit taking : Profits by default are taken over 3 levels based on risk to reward ratio (ie. 1R, 2R, 3R). When a target is met at each level, strategy will close out one third of current position size. Remainders (ie. already taken once at 1R, but not yet reaching 2R or 3R) will eventually be closed at the trailing stop loss price.
Pine Script™ strategy
by DojiEmoji
7
%R Trend Exhaustion [upslidedown]I love Williams %R! This indicator mixes two %R periods... a standard %R with a longer period %R. The longer period of 112 has interesting results for trend following strategies in the crypto market through backtesting. Alone these are fairly ordinary but together they provide a very interesting trend exhaustion/reversal system while filtering out some noise. I have highlighted key areas of interest with filled boxes. An "area of interest" is when there is confluence between the short and long period %R values along with being overbought or oversold. Once there is a break in the overbought or oversold trend, an arrow will print. This is one of my odder ideas that appears to have some merit and detects interesting tops or bottoms (or confirms a trend reversal) so I'm publicly publishing for the community to find. If you find this useful please reach out and let me know how you use it as it's fairly unique... and thus different than anything I've ever seen or used.
Pine Script™ indicator
by upslidedown
39
Argo II - (alerts for 3commas composite bots) - publicThis script lets users create BUY/SELL alerts for 3commas composite bots (1 alert = 12 pairs) in a simple way, based on a built in set of indicators that can be tweaked to work together or alone through the study settings. There is a version of this script for single pair bots, with slightly more features here . If the user choses to create both BUY and SELL signals from the study settings, the (1) alert created will send both BUY and SELL signals for all 12 pairs selected. At this stage, the script forces the user to select 12 pairs in the study settings. If less pairs are inserted, it will not work. Also, the script will only send alerts for the pairs selected in the study settings, not for the current chart (if different). How to use: - Add the script to the current chart - Open the study settings , insert bot details and select 12 pairs. You should write the pairs manually, using the format BTC , ADA, ETH, etc. They MUST be in capital letters or 3commas will not recognize them. - Still in the study settings, tweak the deal start/close conditions from various indicators until happy. The study will plot the entry / exit points below the current chart (1 = buy, 2 = sell) - Make sure your strategy works for all the pairs you have selected, simply by checking each chart with the same study settings - When happy, right click on the "..." next to the study name, then "Add alert'". - Under "Condition", on the second line, chose "Any alert () function call". Add the webhook from 3commas, give it a name, and "create". That's it. Notes: - If you insert coins that are not available for the quote currency and exchange of your choosing, the script will not work and return an error. - Make sure you run tests with paper trading or dummy bots (i.e without actual bot ID) to ensure your alerts trigger as intended on all coins. - If alerts trigger too much (i.e they all trigger at the same time for all coins), Trading View will stop the alert. So probably not ideal for a scalping bot. It could also be the sign the script doesn't work as intended. - The script is a bit slow on my side. I am a beginner in pinescript, so if anyone knows how to simplify it, please let me know. - if anyone knows how to tell the script to function with less than 12 pairs (when not filling the 12 fields in the setting), please also let me know :)
Pine Script™ indicator
by Galactus-B
16
EneX SignalEneX is signal that give recommendation signals for entry and exit on spot market. This indicators not suitable for leverage trading in futures market. EneX signal consider several indicators and has entry and exit rules. EneX signal is suitable for investors who believe in trend following strategy (disclaimer on). This script composed by Yohan Naftali for educational purpose only. Reader who will use this signal must do own research. Indicator and Plot Involved 1. Williams Fractals with default periods = 2 2. William Alligator Indicators with default simple moving average 8, 13, and 21 3. Exponential Moving Averages with default value EMA 50, 100, and 200 4. Relative Strength Index with default overbought level = 80 and oversold level = 20 5. Williams Fractals are joined to create support and resistance line and fill area between support and resistance lines. Entry signal conditions 1. Entry on Weakness when bullish fractal appear on n/2 period 2. Entry when price break resistance line All entry condition must above EMA and alligator signal and not in overbought RSI Exit signal conditions 1. Lowest price is below Exponential Moving Average 2. Lowest price is below William alligator lines You can easily find entry and exit points by using Entry (E), Exit(X) signals How to use 1. Monitor chart and wait until E or X signals 2. Entry if Entry Signal (E) appear (green colored label) 3. Exit if Exit Signal (X) appear (red colored label) 4. Change indicators setting when necessary Best Practice 1. Entry only when entry signal (E) appear 2. Never entry when price below William alligator signal 3. Exit when exit signal (X) appear 4. Not exit when exit signal appear when you believe or you have information that price will be rebound 5. Exit if you believe that current price meet your target price 6. Always wise when use EneX signals Disclaimer Do your own research and consider fundamental price of asset. The indicators provided on this script is for educational purposes only. Author does not offer advisory or brokerage services, nor does it recommend or advise users to buy or sell particular stocks or securities. Please examined script and give feedback for further improvement.
Pine Script™ indicator
by YohanNaftali
7
Willians Ultimate Oscillator [DM]Hello colleagues I share the Williams Ultimate Oscillator You can select betwen: 1.Average signal of 9 lengths (3 X UO). 2. Three independent signals UO. You can also customize the oversold and oversold bands. Some alerts were added. The gradient colors of the background warn us of a squeeze in the movement of the indicator. If there is something that can be improved (it is certain that it is) please leave it in comments.
Pine Script™ indicator
by dgmoon
2
OS AO (P-unity MACD)This is both the Awesome Oscillator (AO) as described in New Trading Dimensions ( NTD , book by Bill Williams ), and the Profitunity MACD described in the first edition of Trading Chaos. The calculation for both is the same. In this case I added the 5 day SMA which is the blue line. The difference between the blue line and the AO is the AC which is also described in NTD and is usually plotted in a different indicator (AC). This is the base for the following signals: Zone Bar 2nd Wise Man The signals are triggered and shown on the main chart screen through the use of OS Alligator . This indicator (AO) provides further insight in analyzing those signals by reading the AO, its current position and evolution directly.
Pine Script™ indicator
by ownsov
Forex Fractal EMA ScalperThis is a forex scalper designed for very short timeframes 1-5 min max. At the same time due to the short timeframe, is recommend to re optimize it weekly . Its components are Fractals Triple EMA with different lengths Rules for entry: For long : we have an up fractal and all 3 ema are in ascending order For short: we have a down fractal and all 3 ema are in descending order. Rules for exit We exit when we either get a reverse order or when we hit the take profit or stop loss calculated in fixed pips.
Pine Script™ strategy
by exlux
3
Williams Fractals BUY/SELL signals indicatorThis indicator made with using Williams Fractals, 20 50 100 Moving Averages and Relative Strength Index. You can easily find entry points by using Long (L), Short (S) signals. This is a 15min scalping strategy for BTC:USDT Perpetual pair. For use different pairs or TFs you may need to change settings. How to use **************** When flashing Long (L) or Short (S) signal you should wait until the candle closing for the confirmation. After that candle closed with the signal, you can enter a trade in next candle opening. Your SL should be 3.1% from etnry and TP should be 0.5% from entry for best results. (You can use Long Position / Short Position tool in Prediction and Measurement Tools in drawing pannel to calculate this. This settings only for BTC:USDT Perp 15 min TF. For other TFs or Pairs settings may vary. You can easily change these settings and backtest your own.) After entering a trade you can be ignored next signals until close the trade. To learn more about this strategy, please try the "Williams Fractals Strategy" I coded. Thank you!
Pine Script™ indicator
by CHATHURANGA91
2
Argo I (alerts for 3commas single bots)This script lets users create BUY/SELL alerts for 3commas single bots in a simple way, based on a built in set of indicators that can be tweaked to work together or separately through the study settings. Indicators include Bollinger Bands, Williams %R, RSI, EMA, SMA , Market Cipher, Inverse Fisher Transform. If the user choses to create both BUY and SELL signals from the study settings, the alert created will send both BUY and SELL signals for the selected pair. Note the script will only send alerts for the pair selected in the study settings, not for the current chart (if different). How to use: - Add the script to the current chart - Open the study settings , insert bot details. Pairs MUST be in capital letters or 3commas will not recognize them. - Still in the study settings, tweak the deal start/close conditions from various indicators until happy. The study will plot the entry / exit points below the current chart (1 = buy, 2 = sell) - Ideally, test the settings with a backtesting script. The present script is compatible with the Trading Parrot's backtester. - When happy, right click on the "..." next to the study name, then "Add alert'". - Under "Condition", on the second line, chose "Any alert () function call". Add the webhook from 3commas, give it a name, and "create". Happy tweaking!
Pine Script™ indicator
by Galactus-B
20
Hotch v1.02 RSI+Fractals/VWAP Bands/Smoothed Moving Average. In this script the RSI is used the limit number of displayed fractals to only those fractals that are triggered in the RSI Overbought and Oversold areas. This helps keep the chart cleaner looking when combined with other indicators so other icons that are plotted above and below candles are not covered up. For example if the RSI drops below 30 the next fractal would be displayed. If the RSI stays below 30 each fractal would be displayed. If the RSI dips below 30 and returns above 30 before there is a fractal is displayed, the next valid fractal would still be displayed. With optimization of the RSI values this indicator can be used in confluence with the included VWAP bands and Moving average to find trend reversal entry points for trades. Also recommended is to use a divergence identifying lower indicator as a secondary confirmation of trade entry. Example of a potential long entry using the displayed chart. 1) RSI under 30 2) Price was recently outside of your chosen VWAP multiple. 3) a fractal was triggered. Additionaly: 4) Use other indicators or other confluences for a stronger trade signal. 5) Use your preferred method of determining entry price stop loss and take profit. NOTE: Fractals normally paint two bars behind the current bar. In this code, with the combination of the RSI and Fractal Trigger, the fractal paints an icon on the current bar.
Pine Script™ indicator
by Hotchachachaaa
4
Alma Moving Average Ribbon Reverse Length [DM]Greetings Colleagues Following some recommendations and ideas I share this moving average, put all of them together The length calculation is automatic there is only one input. The length is inverse so it will wrap from the longest reference point, hence using phi Moving averages will wrap around the price. I've also added gradient color to plots and fill plots There is an alert selector in case you are interested in a particular crossing, "remember that the order is reversed". There is an alert visual plotshapes with offset signal. Finally, after spending a few hours with the Williams alligator moving averages I found nothing special, but I added the individual offset adjustment for each moving average in case someone comes up with something. Enjoy” Some references about alma by "tradingview pinecoders" What to look for The Arnaud Legoux Moving Average has three elements to it: Window: This element is the period. By default, the window is set to 9 periods, but it can be customized to fit any trading style. Offset: This element is the Gaussian that is applied to the combo line and can be aligned to the current price. It’s default is set to 0.85, but by setting it to 1, you can make it align fully to the current price (similar to how an Exponential Moving Average (EMA) with a setting of 0 is like a Simple Moving Average (SMA)). 0.85 is what is recommended, however, you can customize it like with the window element. Sigma: This element is a standard deviation that is applied to the combo line in order for it to appear more sharp. The default is set to 6 and it is not recommended to change the setting. The value of 6 is inspired by the Six Sigma process. www.tradingview.com
Pine Script™ indicator
by dgmoon
Rainbow Indicator - Polfwack ProThis is a reverse engineered completely free Version of an Indicator that you would normally have to spend huge amounts of money on. I personally believe that no one should pay a fortune for access to an Indicator that contains huge amounts of freely available stuff. This indicator claims to be even better than Market Cipher. Turns out it uses - just as Market Cipher, freely available Indicators and puts them in a nice looking package. I packed in as much as it made sense, the original Indicator is visually very cluttered with - in my opinion, too much random stuff that I have left out for a cleaner look, for example the truckload of entry signals, MFI and that Autotrendline feature that no one really needs because the human brain is way better at drawing lines. Was is included? From top to bottom: 1st Bar -> Color coded RSI status. It shows Oversold and Overbought, Bullish, Hidden Bullish, Bearish and Hidden Bearish Divergences. 2nd Bar -> Color coded Market Structure Analyser. It shows if the market is currently ranging, bullish or bearish based on calculated pivots and outbreaks of said pivots. Bullish and Bearish breaks are also being printed. Main Oscillator -> An Awesome Oscillator (AO) that prints bullish, hidden bullish, bearish and hidden bearish divergences as well as positive and negative Pivot Points. Bollinger Bands -> They are following the AO and are color coded to the long term trend indicator for less visual clutter. Secondary Oscillator -> Accelerator Oscillator (AC). 3rd Bar -> Color coded longer term trend indicator, it mirrors the color code on the Bollinger Bands. The original uses an ATR-based calculation, but I found a Kumo cloud to be more simple and more reliable for this kind of thing. 4th Bar -> Color coded mirror of the Accelerator Oscillator. I tried to make the whole Indicator as adjustable as possible, most of the variables can be edited to your liking. On the internet you can find all sorts of strategies for every single of the included indicators. I hope that I have saved you at least some money. Good luck.
Pine Script™ indicator
by AdonisWerther
44
ADX + BB %B + AO + EMA [Luca Massuda]This trading strategy combines different indicators: 1) ADX, Average Directional Movement: to spot the trend 2) BB %B Bollinger Band %B: to spost relative price position to Bollinger Bands 3) AO Awesome Oscillator: to spot momentum 4) ema 5,ema21, ema50, ema200: to decide long or short position You can configure: Take profit % : at which % gains to take profit from the entry price Stop loss % : at which % stop loss from the entry price BB %B Overbought: At which level you consider Overbought respect to Bollinger Bands (values 0 to 100) BB %B Oversold: At which level you consider Oversold respect to Bollinger Bands (values 0 to 100) Awesome Oscillator: AO level to consider a long or short position +/- 2 ADX: ADX value to consider a long or short position Start Date, Month, Year: Starting point for a backtesting strategy Lenght , Source , Standard Deviation: Bollinger Bands values ADX smoothing, DI Lenght: ADX values Green and purple zones indicate when the strategy can go long or short. Default Long conditions: ema5>ema21 and ema50>ema200 and bb>75% and ao>2 and adx>15 Default Short conditions: ema515
Pine Script™ strategy
by luca.massuda
1
Traders RealityTraders Reality indicator This indicator serves as the Tradingview equivalent of an MT4 indicator suite. It differentiates from existing TV indicators in its style and total feature set (most notably PVSRA and PVSRA Override) It was originally designed for forex markets, and it will work for crypto as well, but it has not been tested on stocks. List of features: PVSRA Candles Market boxes (NY/JP/ HK /UK/ FR and Brinks Boxes) 5/13/50/200/800 EMAs (cloud for 50EMA) Pivot points (S/M/R 1,2,3; PP ) Yesterday and Last Week price range Average Daily Range (Weekly and Monthly as well) Daily Open PVSRA Override All of these are configurable in the indicator settings. Usage instructions: PVSRA Candle colors meaning: Green (bull) and red (bear): Candles with volume >= 200% of the average volume of the 10 previous chart candles, and candles where the product of candle spread x candle volume is >= the highest for the 10 previous chart time candles. Blue (bull) and blue-violet (bear): Candles with volume >= 150% of the average volume of the 10 previous chart candles PVSRA Override In order to get reliable bar coloring, we need accurate data. If you're on a chart with low volume on some obscure exchange, you may want to use another exchanges datafeed for the symbol you are on to calculate the PVSRA bar colors with. This lets you do exactly that. By default it's off, but you can turn it on and use INDEX:BTCUSD, or really any other chart you want. You can combine charts too, e.g. use BINANCE:BTCUSDT+COINBASE:BTCUSD. PVSRA Alerts Alerts can be made for PVSRA "vector"/"climax" candles: 1. Create Alert (Clock with + sign) 2. Set Condition: "Traders Reality", 3. Select "Alert on Vector Candle", 4. Set it to Once per Bar, 5. choose your notification options. Market boxes The market boxes times are configurable and will change depending on the exchange timezone. I recommend to pick your main exchange/chart and adjust the times so that they are correct. Technically you will need to shift the time from the exchanges' timezone to GMT . Default values should be good for UTC based exchanges in current US+UK summer time. Recommended additional Tradingview indicator(s): - TDI - Goldminds, Edited for Market Makers Method by Jakub Donovan Footnotes The code was originally by plasmapug, continued development (with permission) is now done by infernix and peshocore. If you have suggestions or questions, you can message me or leave a comment. Previous changelog (while it was private): Mar 27 2021 Release Notes: dropped the inputs for the session boxes, no need to set any colors there Mar 29 2021 Release Notes: Reworked the level drawing. Should work on all timeframes below daily now. Updated ADR level calculations to match with Tinos MT4 setup. Mar 29 2021 Release Notes: Added configurable label offset (thanks Hud ). Add config option for pivot level extension to the left. Add option to hide ADR range Mar 31 2021 Release Notes: Implemented PVSRA according to MT4 algorithm. Disabled market boxes on 3min, to be fixed later. Relabeled yesterday high. Colored market boxes. Mar 31 2021 Release Notes: Clean up the market range boxes so that lines don't block wick visibility. Shift opening range to the first hour and make it configurable. Clean up configuration Apr 2 2021 Release Notes: Added a session for Sydney. Update Sydney time. Add PVSRA calculation symbol override. Apr 3 2021 Release Notes: No lookahead on PVSRA, should fix strangeness with candle colors. Added crypto weekly high according to Tinos range. May need some additional tuning. Apr 5 2021 Release Notes: Another attempt at fixing PVSRA candle color issues. Start of refactoring. Adjusted crypto weekly math (still not exactly correct but getting there). Fixed pivot labels rendering at price 0.0 when levels not enabled Apr 5 2021 Release Notes: Fix rendering in the 1 minute timeframe Apr 8 2021 Release Notes: Transparency for pivot point lines (configurable color too). Conversion to functions by the great peshocore (thx!). Toggles for ADR AWR AMR . Updated psy low/high math Jun 2 2021 Release Notes: Long overdue update, but no fundamental changes. Removed the psy/crypto weekly high/low due to its inaccuracy. You should put these lines on your chart manually. AWR does not show up by default, can be re-enabled in settings. Switched to f_security; this should resolve the redrawing of M levels together with the next update. Altered line drawing functions so that they update once the day rolls over, should fix the updating of M levels after midnight (Exchange time) Jun 9 2021 Release Notes:Update pivot and M level update mechanism. Fixed ADR math, should now match MT4 more closely Jun 10 2021 Release Notes: You can now create alerts on vector candles using the "Alert on vector candle" alert condition. Jun 17 2021 Release Notes:Sync EMA color settings with EMA labels. Some bugfixes related to pivot and M levels, paritcularly M1 Jun 17 2021 Release Notes: Cosmetic fix (keep EMAs editable), no functional change Jun 24 2021 Release Notes: Make session boxes configurable (color/opacity). Add daily open. Add bb rinks boxes Jun 30 2021 Release Notes:. Add Frankfurt session Jul 2 2021 Relase Notes: You can now en/disable each individual market box, its label, and its opening range
Pine Script™ indicator
by infernixx
80
Pivot Boss -- Squat bars and Non Squat Bars 2.0Squat Bar Signal -- current Volume is greater than previous volume but Current bar MFI(Market Facilitation index) is lesser than previous bar MFI Other Conditions -- Current Bars Range is lesser than (Average Range * Range Multiplier) Non Squat Bar Buy Signal(Green Up Triangle) -- Volume and MFI is greater than previous bar, Close greater than open, Close is greater than midpoint Non Squat Bar Sell Signal(Red Down Triangle) -- Volume and MFI is greater than previous bar, Close lesser than open, Close is lesser than midpoint Usually Squat signal is confirmed by Non Squat Bar Signal.. Other indicator used -- PEMA -- Pivot based EMA For Better results use it along with Advanced Volume indicator and PEMA
Pine Script™ indicator
by Nanda86
6
VIX Fix Double PleasureFULL README: github.com/samgozman/vix-fix-double-pleasure The idea of an oscillator is quite simple. It is based on the popular VIX Fix oscillator, the purpose of which is to find local bottoms within the scope of trend movement. But in addition to the classic VIX fix, I built an oscillator opposite to it, which serves as a potential signal of the end of local growth. Components VIX Fix classic (red lines) VIX Fix reversed (green lines) Buy/sell signals (colored dots) Parameters VIXFix_length - defval: 22. Classic length for VIX fix VIXFix_arraySize - defval: 22. The number of periods among which to look for lows and highs. If there are too many signals, reduce this value. plotMarks - defval: true. Plot high/low marks How it is calculated VIX fix classic: (highest(close, VIXFix_length) - low) / highest(close, VIXFix_length) * -100 VIX fix reversed: (lowest(close, VIXFix_length) - high) / lowest(close, VIXFix_length) * -100 Signals 🟢 Buy signal if current "VIX fix classic" or "VIX Fix reversed" value is lowest from the last VIXFix_arraySize periods. 🔴 Sell signal if current "VIX fix classic" or "VIX Fix reversed" value is highest from the last VIXFix_arraySize periods. General recommendations I advise you not to use this oscillator for a short positions. Long only . It is recommended to set a long position by pyramiding.
Pine Script™ indicator
by samgozman
9