Intuit

Williams AC/AO Zones

Paints price bars green when AO+AC are both green, paints bars red when both are red, and paints bars grey when both are different. (IGNORE THE CHART DIDNT MEAN TO PUBLISH IT ON THIS CHART.. OPPS)
Remove from Favorite Scripts Add to Favorite Scripts
//HUGE THANKS TO CHAOSTRADER FOR THE ORIGINAL CODE
//Bill Williams Zone and Squat Bars.  See New Trading Dimensions by Bill Williams, PhD.
//Bars are green (green zone) when the Awesome Oscillator and Accelerater/Decelerator are both positive.
//Bars are red (red zone) when the Awesome Oscillator and Accelerater/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.
study(title="AO/AC Zones", overlay = true)
ao = sma(hl2,5) - sma(hl2,34)
ac = ao - sma( ao, 5 )
isGreen() => ao > ao[1] and ac > ac[1]
isRed() => ao < ao[1] and ac < ac[1]
isGrey() => ao > ao[1] and ac < ac[1]
isGray() => ao < ao[1] and ac > ac[1]
barcolor(isGrey() ? gray : isGray() ? gray : isGreen() ? #55AE3A : isRed() ? red : black)
Tips: (BTC) 1N7YB8HMzrmtSG8GdZ5b2gdERwENqoSBq
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out