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Bill Williams Indicators

Divinearrow-tttypical Video Content Summary (Taylor Trading Technique) Introduction: George D. Taylor’s Approach Developed in the 1950s. Based on the idea that market movements are cyclical. 3-Day Cycle Breakdown Buy Day: Formation of a low → Look for long positions. Sell Day: Close long positions → Usually a sideways move. Sell Short Day: Reversal from highs → Opportunity for short positions. Examples with Candlestick Charts The characteristics of each day are illustrated using candlestick patterns. RSI, MACD, and other auxiliary indicators are often included. Integrating the Strategy with Current Market Data TTT signals + trend confirmation tools. Support-resistance levels and volume analysis are integrated. Risk Management Target and stop loss levels. Position sizing and risk control.
Pine Script® indicator
by divinebullet
Swing Pivots + Static Dashboard (v5.7-k10-l-alert2)Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum
Pine Script® indicator
by Jr24ebw
UMESHFXBOTUMESHFXBOT: UT Bot Strategy with Alligator Filter (Pine Script v6) This strategy combines the UT Bot trailing stop logic with the Williams Alligator indicator to help avoid false signals during ranging (sideways) markets. Key features: Alligator Filter: Trades are only allowed when the Alligator lines (Jaw, Teeth, Lips) are not intertwined, helping to avoid choppy, non-trending conditions. Customizable Alligator Settings: You can adjust the Jaw, Teeth, and Lips lengths and shifts to suit your market and timeframe. Separate Uptrend/Downtrend Thresholds: Set different thresholds for trend strength filtering in uptrends and downtrends. Heikin Ashi Option: Optionally use Heikin Ashi candle logic for signal generation, calculated internally for compatibility with all symbols. No Consecutive Signals: Prevents new buy (or sell) signals if already in a long (or short) position. Visuals: Plots buy/sell signals and Alligator lines on the chart for easy analysis.
Pine Script® strategy
by daksaamedia
Multi-Indicator Strategy with Entry & ExitYour **Multi-Indicator Strategy** is designed to identify **optimal entry and exit points** using multiple technical indicators. Here’s a breakdown of how it works: ### **Strategy Components** 1. **Trend Identification** - Uses **Exponential Moving Averages (EMA 5 & EMA 20)** to detect bullish or bearish trends. - A **bullish crossover** (EMA 5 crossing above EMA 20) signals a buying opportunity. - A **bearish crossunder** (EMA 5 crossing below EMA 20) indicates a selling opportunity. 2. **Momentum & Strength Confirmation** - **Relative Strength Index (RSI)** ensures price is above **50** for buy signals and below **50** for sell signals. - **MACD (Moving Average Convergence Divergence)** confirms momentum direction when MACD crosses above the signal line for buys and below for sells. 3. **Volatility & Price Range Analysis** - **Bollinger Bands** help identify support and resistance zones. Buy when price is near the **lower band**, and sell when price is near the **upper band**. - **Supertrend Indicator** confirms the general trend direction (**1 for bullish, -1 for bearish**). 4. **Fair Value & Market Sentiment** - **VWAP (Volume Weighted Average Price)** tracks institutional activity to ensure entries align with market strength. ### **Entry & Exit Rules** - **Buy Condition:** ✔ EMA 5 crosses above EMA 20 ✔ RSI > 50 ✔ MACD is bullish ✔ Price near **Bollinger Lower Band** ✔ Supertrend confirms uptrend - **Sell Condition:** ✔ EMA 5 crosses below EMA 20 ✔ RSI < 50 ✔ MACD is bearish ✔ Price near **Bollinger Upper Band** ✔ Supertrend confirms downtrend ### **Risk Management** - **Stop Loss** at **0.5%** below entry price to limit risk. - **Take Profit** at **1%** above entry price for controlled gains. This strategy aims for **high probability trades** by combining **trend, momentum, volatility, and institutional activity** into one framework. Would you like help refining the settings for a specific asset or timeframe? 🚀
Pine Script® strategy
by b49649
Range Filter Strategy with ATR TP/SLHow This Strategy Works: Range Filter: Calculates a smoothed average (SMA) of price Creates upper and lower bands based on standard deviation When price crosses above upper band, it signals a potential uptrend When price crosses below lower band, it signals a potential downtrend ATR-Based Risk Management: Uses Average True Range (ATR) to set dynamic take profit and stop loss levels Take profit is set at entry price + (ATR × multiplier) for long positions Stop loss is set at entry price - (ATR × multiplier) for long positions The opposite applies for short positions Input Parameters: Adjustable range filter length and multiplier Customizable ATR length and TP/SL multipliers All parameters can be optimized in TradingView's strategy tester You can adjust the input parameters to fit your trading style and the specific market you're trading. The ATR-based exits help adapt to current market volatility.
Pine Script® strategy
by TOLLBOOTH
Range Filter + ATR Strategy (Low Drawdown)Key Features for Low Drawdown: Range Filter: Identifies trends while filtering out market noise ATR-based Position Sizing: Adjusts position size based on volatility to risk a fixed percentage of capital Trailing Stops: Uses ATR-based trailing stops to lock in profits and limit losses Conservative Risk Parameters: Defaults to 1% risk per trade (adjustable) Trend Confirmation: Requires two consecutive closes above/below the range filter How to Use: The strategy enters long when price is above the upper range filter for two consecutive bars Enters short when price is below the lower range filter for two consecutive bars Uses ATR to size positions appropriately for current volatility Implements trailing stops based on ATR to protect profits Optimization Tips: Adjust the Range Filter period based on your timeframe Modify the risk percentage (1% is conservative) Tweak the ATR multiple for trailing stops (1.5 is moderate) Consider adding a time-based exit if drawdown is still too high
Pine Script® strategy
by TOLLBOOTH
Gold Intraday Strategy (New) - 4H Bias + 15M EMA CrossoverThis script is a Gold Intraday Strategy designed for short-term traders using a 4-hour trend bias and 15-minute entry signals. 🟢 Bias Direction: It uses 50 EMA and 200 EMA from the 4H timeframe to determine the overall market trend (bullish or bearish bias). 🔵 Entry Conditions: Trades are triggered on the 15M timeframe when the 50 EMA crosses the 200 EMA in the direction of the bias: - Long Entry: 15M EMA 50 crosses above EMA 200 with bullish 4H bias - Short Entry: 15M EMA 50 crosses below EMA 200 with bearish 4H bias 🎯 This strategy is ideal for day traders who want to align lower timeframe entries with a higher timeframe trend. It can be used on Gold (XAUUSD) or any volatile instrument. NOTE: This script is for educational purposes only.
Pine Script® indicator
by omengpure
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Pine Script® indicator
by xander624
RESHAIndicator Name: RESHA – Static Price Levels Description: The RESHA indicator is a simple tool that allows traders to manually define multiple horizontal price levels on the chart. These levels are displayed as horizontal lines, each extending a customizable number of candles forward. Traders can input a comma-separated list of prices, which are then plotted automatically on the chart. Features: 📍 Custom input box for price levels (comma-separated). 📏 Adjustable line length in bars. Visual price labels at the end of each level. Clean and minimalistic design, perfect for support/resistance zones or static analysis. This tool is ideal for traders who want to keep key price zones visible at all times without relying on dynamic calculations or automated indicators.
Pine Script® indicator
by iqfxl
1
BW MFI fixed v6Bill Williams MFI Sure! Here’s an English description of the indicator you have: --- ### Bill Williams Market Facilitation Index (MFI) — Indicator Description This indicator implements the **Market Facilitation Index (MFI)** as introduced by Bill Williams. The MFI measures the market's willingness to move the price by comparing the price range to the volume. --- ### How it works: * **MFI Calculation:** The MFI is calculated as the difference between the current bar’s high and low prices divided by the volume of that bar: $$ \text{MFI} = \frac{\text{High} - \text{Low}}{\text{Volume}} $$ * **Color Coding Logic:** The indicator compares the current MFI and volume values to their previous values and assigns colors to visualize market conditions according to Bill Williams’ methodology: | Color | Condition | Market Interpretation | | ----------- | ------------------ | --------------------------------------------------------------------------------------------- | | **Green** | MFI ↑ and Volume ↑ | Strong trend continuation or acceleration (increased price movement supported by volume) | | **Brown** | MFI ↓ and Volume ↓ | Trend weakening or possible pause (both price movement and volume are decreasing) | | **Blue** | MFI ↑ and Volume ↓ | Possible false breakout or lack of conviction (price moves but volume decreases) | | **Fuchsia** | MFI ↓ and Volume ↑ | Market indecision or battle between bulls and bears (volume rises but price movement shrinks) | | **Gray** | None of the above | Neutral or unchanged market condition | * **Display:** The indicator plots the MFI values as colored columns on a separate pane below the price chart, providing a visual cue of the market’s behavior. --- ### Purpose: This tool helps traders identify changes in market momentum and the strength behind price moves, providing insight into when trends might accelerate, weaken, or potentially reverse. --- If you want, I can help you write a more detailed user guide or trading strategy based on this indicator!
Pine Script® indicator
by nikolaievmihail
Gold Breakout Strategy - RR 4Strategy Name: Gold Breakout Strategy - RR 4 🧠 Main Objective This strategy aims to capitalize on breakouts from the Donchian Channel on Gold (XAU/USD) by filtering trades with: Volume confirmation, A custom momentum indicator (LWTI - Linear Weighted Trend Index), And a specific trading session (8 PM to 8 AM Quebec time — GMT-5). It takes only one trade per day, either a buy or a sell, using a fixed stop-loss at the wick of the breakout candle and a 4:1 reward-to-risk (RR) ratio. 📊 Indicators Used Donchian Channel Length: 96 Detects breakouts of recent highs or lows. Volume Simple Moving Average (SMA) over 30 bars. A breakout is only valid if the current volume is above the SMA. LWTI (Linear Weighted Trend Index) Measures momentum using price differences over 25 bars, smoothed over 5. Used to confirm trend direction: Buy when LWTI > its smoothed version (uptrend). Sell when LWTI < its smoothed version (downtrend). ⏰ Time Filter The strategy only allows entries between 8 PM and 8 AM (GMT-5 / Quebec time). A timestamp-based filter ensures the system recognizes the correct trading session even across midnight. 📌 Entry Conditions 🟢 Buy (Long) Price breaks above the previous Donchian Channel high. The current channel high is higher than the previous one. Volume is above its moving average. LWTI confirms an uptrend. The time is within the trading session (20:00 to 08:00). No trade has been taken yet today. 🔴 Sell (Short) Price breaks below the previous Donchian Channel low. The current channel low is lower than the previous one. Volume is above its moving average. LWTI confirms a downtrend. The time is within the trading session. No trade has been taken yet today. 💸 Trade Management Stop-Loss (SL): For long entries: placed below the wick low of the breakout candle. For short entries: placed above the wick high of the breakout candle. Take-Profit (TP): Set at a fixed 4:1 reward-to-risk ratio. Calculated as 4x the distance between the entry price and stop-loss. No trailing stop, no break-even, no scaling in/out. 🎨 Visuals Green triangle appears below the candle on a buy signal. Red triangle appears above the candle on a sell signal. Donchian Channel lines are plotted on the chart. The strategy is designed for the 5-minute timeframe. 🔄 One Trade Per Day Rule Once a trade is taken (buy or sell), no more trades will be executed for the rest of the day. This prevents overtrading and limits exposure.
Pine Script® strategy
by beaucheminbrandon123