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ChaosTrader
Aug 12, 2014 5:19 PM

ZoneBars 

SPDR S&P 500 ETF TRUSTArca

Description

Bill Williams Zone and Squat Bars. See New Trading Dimensions by Bill Williams, PhD.
Bars are green (green zone) when the Awesome Oscillator and Accelerator/Decelerator are both positive.
Bars are red (red zone) when the Awesome Oscillator and Accelerator/Decelerator are both negative.
Bars are blue when a squat bar is formed, these indicate a battle between bulls and bears and often happen near trend continuation or trend changes.
Caution: Assumes chart is a bar chart - not a candle chart.
Caution: Squat bars are accurate only with official exchange volume data - BATS data will give false squat bars.
Comments
fuzzfuzz9
thank you!
skylar.86
Hi, thanks for the code. Really appreciate it! Is it possible to make an alert for when there is a squat?
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