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
//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)
Like and Follow for More Trading Ideas!

Tips: (BTC) 1N7YB8HMzrmtSG8GdZ5b2gdERwENqoSBq
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
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