HPotter

Bill Williams Averages

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).
Remove from Favorite Scripts Add to Favorite Scripts
////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 14/08/2014
// 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).
////////////////////////////////////////////////////////////
study(title="Bill Williams Averages. 3Lines", shorttitle="3 Lines", overlay = true)
LLength = input(13, minval=1)
MLength = input(8,minval=1)
SLength = input(5,minval=1)
LOffset = input(8,minval=1)
MOffset = input(5,minval=1)
SOffset = input(3,minval=1)
xLSma = sma(hl2, LLength)[LOffset]
xMSma = sma(hl2, MLength)[MOffset]
xSSma = sma(hl2, SLength)[SOffset]
plot(xLSma, color=blue, title="MA")
plot(xMSma, color=red, title="EMA")
plot(xSSma, color=green, title="EMA")
DONATE/TIP

BTC: 1Lo1GoTNsPbrjGAgPgF4MYZPhBFdoVHaTm
This is incorrect: the indicator uses Smoothed Moving Average (SMMA), not simple MA.

This indicator is primarily used to determine whether the current wave is impulse or corrective. It was created by a supercomputer (model parameters generated from data). Thus SMMA is needed or the model won't work right.
Reply
HPotter PRO the_batman
I can make changes if you to write formula how it should be.
Reply
the_batman HPotter
That'd be greatly appreciated. TV's version of the alligator is also wrong. I don't think TV has the SMMA moving average function, so you'd have to code it yourself. The formula is here: http://www2.wealth-lab.com/WL5Wiki/SMMA.ashx
Reply
HPotter PRO the_batman
How we can check it?
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out