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Normailzed CandleThis indicator normalizes Day's candle with Open. Idea is to see the daily movement in the context of the Open of the Day. Larry Williams talks about Open being the most important price of the day. Hence, this indicator. The Green line is average Open-to-High for occurrences of Red days. The Red line is average Open-to-Low for occurrences of Green days. Average are not perfect calculations since occurrences(of Red or Green) will vary within the time-span used for averages. These can used to gauge likelihood of the intra-day price reversal. If the price exceeds green/red line, there is higher likelihood of the price closing above/below open. The blue lines are average Open-to-close for Green and Red occurrences. Be careful on days where consecutive 3rd Highest High or Lowest Low day is made and also on the next day after such day. Prices may turn direction at least for a short while. The precursor to this script of the Candle Infopanel script. That script was just numbers in panel and this is a graphical representation. I Some of the calculations from original script are commented here because it would make visuals clutters (and probably the left-out calculation are not critical to making trade decisions!)
Pine Script® indicator
by Masa_1234
4
Experimental Entry Interface (Buy Arrows with TP & SL)This script provides high probability entry points and includes Take Profit and Stop Loss targets. It attempts to predict when the market conditions are set to move up, and prints long positions. In addition to Long Entry Arrows, it will print Take Profit / Stop Loss targets. This indicator is highly adjustable. Hence the name 'Experimental' in the title. Experiment with it to find the results you want. Designed for use on the 1H timeframe in Forex, but could possibly be useful elsewhere. Do your own testing. This indicator can repaint. It is best used with alerts set for once per bar close, so that your alerts do not repaint and your trades are solid. Not ever signal is a winner. Backtest thoroughly. Adjust accordingly. Arrows Four sets of colored arrows are included. 💵 💶 Green and Blue Entry Arrows are formed when the market is in an uptrend, and has a momentary pullback. 💴 💷 Yellow and Purple Entry Arrows are formed when the market is just starting to recover from being severely oversold. Backtest Mode Turn on Backtest Mode to easily see if an entry ended up as a winner or loser. A Take Profit and Stop Loss line will be drawn to show results. Take Profit & Stop Loss Targets You have two options for this. Price will show you where your TP/SL exits should be placed. These values will show up under the arrow, based on your Risk/Reward ratio. Pips are much more simple, and will only show you the market entry point and how many pips up/down to place your SL/TP. Warning: This is fixed at a 1:1 RRR . Risk/Reward Adjustment Each entry arrow color allows custom risk/reward ratio adjustment. Dollar Amounts Displayed Change your account value and leverage to see how much you would have won on each trade. How to trade with it? (Forex, 1H) Open the settings, and turn on all the arrow entries. Turn on Backtest mode to see how past trades would have played out. Turn on TakeProfit/StopLoss Targets to see where to set your targets, for each arrow. Set an alert to notify you once per candle close when there is an Entry. Trade happy! Bill Williams Alligators are also included, if you want. Not necessary though. Some of the calculations depend on them for trend direction analysis.
Pine Script® indicator
by mattzab
8
Combo Strategy 123 Reversal & Bill Williams Averages. 3Lines This is combo strategies for get a cumulative signal. Result signal will return 1 if two strategies is long, -1 if all strategies is short and 0 if signals of strategies is not equal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy 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). WARNING: - For purpose educate only - This script to change bars colors.
Pine Script® indicator
by HPotter
2
Willams %R with 13 EMA and 13 SMAThis is standard Williams %R originally written by another user that I modified. Credit to him whose name escapes me at the moment. The green line is 13EMA and red line is 13SMA (offset by 2 for timing trades). Great for very quick trades/day trades. Green over red = long. Red over Green = short. Beware: this is still a choppy indicator. You'll need to use it with the Ichimoku lagging span, chop indiicator, adx, or some other method of avoiding getting chopped to death trying to take every signal.
Pine Script® indicator
by Straddle_Bender
1
Combo Strategies 123 Reversal and Accelerator Oscillator (AC) This is combo strategies for get a cumulative signal. Result signal will return 1 if two strategies is long, -1 if all strategies is short and 0 if signals of strategies is not equal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy The Accelerator Oscillator has been developed by Bill Williams as the development of the Awesome Oscillator. It represents the difference between the Awesome Oscillator and the 5-period moving average, and as such it shows the speed of change of the Awesome Oscillator, which can be useful to find trend reversals before the Awesome Oscillator does. WARNING: - This script to change bars colors.
Pine Script® indicator
by HPotter
3
WillSpread IndexDescription Source: www.instaforex.com The technical indicator Will-Spread was developed by Larry Williams and described in his book Long-Term Secrets to Short-Term Trading. Will-Spread is one of the strongest financial indicators, which measures the flow of price between the primary market and a secondary market. The purpose of this comparison is to highlight signals for opening/closing positions of a financial asset through market signals that have influence on this particular asset. Once the Will Spread turns positive, look for the next bar to be above bar when Will spread turned positive to get long. Indicator Use Trading use The main method of using Will-Spread is watching the way it crossing the zero line. If the indicator crosses the zero line upward, rising trend is likely to continue. When the indicator falls below the zero line, there is an obvious downtrend. The author offered to use the indicator in trading from the standpoint of a filter: when Will-Spread crosses the zero line, a trader should wait for the formation of the bar that follows after the signal. In case the new bar generates a high/low above/below the previous one, a trader should open position. It is not recommended to open position if the bar does not form a new high/low. The spread (A/B *100) takes two underlyings, get the exponential average creating exponential period (5) and subtract from another exponential period (20). The example he gives is that bonds move stocks, so we take the S&P and bonds. Get a will spread of SPY & TLT.
Pine Script® indicator
by Investmenthero77
4
Setup 9.1.2.3.4---IN-US--- Hi traders, created by the professional Trader Larry Willians this trade system is based on 9 EMA, they are called 9.1, 9.2, 9.3 and 9.4. Setup EMA 9.1 Allowed to buy when EMA 9 period turns to up after a Leg down, and to sell when turns to down after a Leg up. Setup EMA 9.2 1) Find a stock with 9 EMA uptrend. 2) Wait for a close below the last candle low and mark the high of it candle. 3) If the price doesnt across the high, mark the next high. 4) Buy when the price cross the mark. 5) Stop-loss in the low of the marked candle. Setup 9.3 1) Find a stock with the 9 period EMA uptrend. 2) Look for a close which is followed by two lower closes, 3) Mark the high of the last candle. 4) Buy when the price cross the mark. 5) Stop-loss in the low of the marked candle. Setup EMA 9.4 1) Find a stock with 9 EMA uptrend and turns down, but the low of the candle which made turn go down can't be lose, 9 EMA can go down ONLY ONE candle. 2) Wait for 9 EMA go up in the next candle and mark the high. 3) If the price doesnt across the high, mark the next high. 4) Buy when the price cross the mark. 5) Stop-loss in the low of the marked candle. --PT-BR--- Olá traders, setup universal, criado pelo famoso Trader Larry Williams , e divulgado pelo Trader Palex. Setup baseado na MME de 9 períodos. Temos aqui o conjunto de sinais 9.1, 9.2, 9.3, 9.4. Setup MME 9.1 Setup MME 9.2 1) Achar ativo com a MME9 subindo; 2) Aguardar fechamento abaixo da mínima do candle anterior e marcar a máxima desse candle; 3) Se a máxima não for rompida, marcar a próxima máxima; 4) Compra no rompimento dessa máxima (qualquer negócio acima dessa máxima); 5) Stop na mínima do candle anterior ao que gerou a entrada; Setup MME 9.3 1) Achar ativo com a MME9 esteja subindo; 2) Procurar 1 fechamento que seja seguido por dois fechamentos seguidos descendentes (abaixo do "candle referência") e marcar máxima do último candle; 3) Se a máxima não for rompida, marcar a próxima máxima; 4) Compra no rompimento dessa máxima (qualquer negócio acima dessa máxima); 5) Stop na mínima do candle anterior ao que gerou a entrada; Setup MME 9.4 1) Achar ativo com a MME9 esteja subindo; A MME9 vem subindo e vira para baixo, mas o candle que fez essa virada ocorrer não tem a mínima perdida e a MME9 volta a virar para cima no candle seguinte. Só pode ficar virada pra baixo 1 candle e logo no candle seguinte a média vira pra cima. 2) Marcamos a máxima do candle que fez a MME9 virar para cima e no seu rompimento temos a entrada na ponta compradora. 3) Se a máxima não for rompida, marcar a próxima máxima; 4) Compra no rompimento dessa máxima (qualquer negócio acima dessa máxima); 5)Stop-loss na mínima do candle que fez a MME9 virar para baixo. Bons trades a todos.
Pine Script® indicator
by alanwmg
9
BO Willians EMA'sBo Williams is a North America/Brazilian trader. He created a trading software called PHI CUBE. This ema ratios are very used in Brazil. They a based in the Golden Number PHI. "There is a special ratio that can be used to describe the proportions of everything from nature's smallest building blocks, such as atoms, to the most advanced patterns in the universe, such as unimaginably large celestial bodies. Nature relies on this innate proportion to maintain balance, but the financial markets also seem to conform to this "golden ratio." Here, we take a look at some technical analysis tools that have been developed to take advantage of it. The Mathematics Mathematicians, scientists and naturalists have known this ratio for centuries. It's derived from something known as the Fibonacci sequence, named after its Italian founder, Leonardo Fibonacci (whose birth is assumed to be around 1175 A.D. and death around 1250 A.D.). Each term in this sequence is simply the sum of the two preceding terms (1, 1, 2, 3, 5, 8, 13, etc.). But this sequence is not all that important; rather, it is the quotient of the adjacent terms that possesses an amazing proportion, roughly 1.618, or its inverse 0.618. This proportion is known by many names: the golden ratio, the golden mean, PHI and the divine proportion, among others. So, why is this number so important? Well, almost everything has dimensional properties that adhere to the ratio of 1.618, so it seems to have a fundamental function for the building blocks of nature. " More here www.goldennumber.net
Pine Script® indicator
by Devulsky
2
Coral Trend of BiznesFilosofThis indicator is made specifically for day trading. You can trade within the day, but then you need to change the settings for your strategy. You can enter a trade when the schedule returns to the corridor. But be sure to pay attention to the Bill Williams indicator "Alligator". Everything is simple here: red dots are a sales trend, and green dots are a shopping trend. For convenience, candles can be moved to the last layer. More details on my channel in YouTube. Section "Indicators". === Этот индикатор сделан специально для дневной торговли. Можно торговать и внутри дня, но тогда надо изменить настройки под Вашу стратегию. Входить в сделку можно, когда график возвращается в коридор. Но обязательно нужно обращать внимание на индикатор Билла Вильямса "Аллигатор". Здесь всё просто: красные точки - тренд продаж, а зеленые точки - тренд покупок. Для удобства свечи можно переместить на последний слой. Больше подробностей на моём канале в Ютуб. Раздел "Индикаторы".
Pine Script® indicator
by volondbf
5
Multiple Time Frame Williams Alligator H1M5fractalist scalpers, chaos theorists and traders trading on 5 minute charts in the financial markets are often swamped by too many fractals; switching between charts back and forth can be a headache too; so here's an indicator script coded by yours truly to make our lives easier. how it works? apply MTFWA on a 5 minute chart; synchronise it with your 1 hour chart; draw the standard horizontal lines to mark fractals on your 1 hour chart...there you go; better fractals filtered to analyse your 5 minute chart; scalp your hearts out.
Pine Script® indicator
by mariq.marzuki
1
Accumulation/Distribution Level (ADL) [Cyrus c|:D]This indicator shows Accumulation/Distribution level which can be used for confirming trends or reversals (via divergence). It is an alternative to Chaikin's Accumulation/Distribution Line (ADL) and On Balance Volume (OBV) indicators. It can also replicate PVT and OBV via options in the input menu. Here is a comparison of four related indicators: OBV is too simple and has serious flaws as explained in PVT's wiki. Chaikin's ADL is a broken indicator as can be seen in the chart below: A/D Level addresses the flaws in these two indicators. It simply sums up portions of the volume that contributes to price change. These portions are visualized in dark green and red on "Accumulation/Distribution Volume (ADV)" indicator. This can also be achieved by ADV indicator if you are nerd enough. PS: There is Williams A/D as well which is also a broken indicator.
Pine Script® indicator
by cI8DH
15
Advanced Larry Williams 9.2- By EduHit rate greater than Setup 9.1 However, the stop of this setup becomes more expensive in certain situations. PURCHASE SIGN 1 - Paper comes in a bullish trend in the operational term to be operated. 2 - Exponential moving average of 9 upward periods. 3 - Wait for a candle to make the largest closing (candle reference). 4 - If the next candle CLOSES below the minimum of the candle reference the setup is armed. 5 - Mark the candle maxim that closed below the reference. It's the trigger! 6 - If the next candle exceeds this maximum by 1 cent the trade is triggered. Put the stop loss at the low of the candle that closed below (0.01 to 0.10 below) 7 - If the next candle does not fire, let's lower the trigger to the lower maximums, SINCE the mm9exp does not turn down. 8 - It exceeded the maximum we will have the entrance. 9 - Original stop-loss in the minimum of the candle we set the maximum activated. SIGN OF SALE 1 - Paper comes in a downtrend in the operating period to be operated. 2 - Exponential moving average of 9 periods descending. 3 - Wait for a candle that makes the lowest closing (candle reference). 4 - If the next candle CLOSE above the maximum of the reference candle the setup is armed. 5 - Bookmark the candle that closed above the reference. It's the trigger! 6 - If the next candle breaks this minimum, the trade is triggered. 7 - Place the stop-loss at the maximum of the candle that closed up. 8 - If the next candle does not trigger, we will raise the trigger to the highest minimums SINCE the exponential moving average of 9 periods does not turn upwards. 9 - It broke the minimum we will have the entrance. 10 - Stop-loss original in the maximum of the candle that we set the minimum activated. ********************************************************************************************************************************************************* Índice de acerto Superior ao Setup 9.1 Porém o stop deste setup acaba se tornando mais caro em determinadas situações. SINAL DE COMPRA 1 - Papel vem em tendência de alta no prazo operacional a ser operado. 2 - Média móvel exponencial de 9 períodos ascendente. 3 - Aguardar um candle que faça o maior fechamento (candle referência). 4 - Se o próximo candle FECHAR abaixo da mínima do candle referência o setup está armado. 5 - Marcar a máxima do candle que fechou abaixo do referência. É o gatilho! 6 - Se o próximo candle superar essa máxima em 1 centavo o trade é acionado. Colocar o stop-loss na mínima do candle que fechou abaixo (0,01 a 0,10 abaixo) 7 - Se o próximo candle não acionar, vamos abaixando o gatilho para as máximas menores DESDE QUE a mm9exp não vire para baixo. 8 - Superou a máxima teremos a entrada. 9 - Stop-loss original na mínima do candle que marcamos a máxima ativada. SINAL DE VENDA 1 - Papel vem em tendência de baixa no prazo operacional a ser operado. 2 - Média móvel exponencial de 9 períodos descendente. 3 - Aguardar um candle que faça o menor fechamento (candle referência). 4 - Se o próximo candle FECHAR acima da máxima do candle referência o setup está armado. 5 - Marcar a mínima do candle que fechou acima do referência. É o gatilho! 6 - Se o próximo candle romper essa mínima o trade é acionado. 7 - Colocar o stop-loss na máxima do candle que fechou acima. 8 - Se o próximo candle não acionar, vamos levantando o gatilho para as mínimas maiores DESDE QUE a média móvel exponencial de 9 períodos não vire para cima. 9 - Rompeu a mínima teremos a entrada. 10 - Stop-loss original na máxima do candle que marcamos a mínima ativada.
Pine Script® indicator
by eduopc
1
Mapping 9.1 / 9.2 / 9.3 (v2.1)Hi, This is my first pine script It helps to map the first reference candles for the setups 9.1 9.2 and 9.1 from Larry Williams Many thanks to Mr. Alexandre Fernandes Palex for the many public tutorials and videos about this setups. You can find his very rich reference in his blog Now, lets go to the mapping strategy. 1) At first, we test if the ema 9 is up or down if it is Up the background is painted yellow and you can find the reference candles for the setups if it is down the background is Gray and you can find the reference candles for the setups 2) Then we compare the close, highs and lows if the candle match some of the setup rules, and if match we plot a sign in the reference candle with the name of respective setup, now you can decide in the next candle if it is eligible for an entry SHORT/LONG position. Please, few free to comment and tell me any inconsistency and possible upgrades... Later as soon I’m get used withe pine script I will improve this script with more and more features Best regards, Alberto van Drunen Alberto van Drunen
Pine Script® indicator
by AlbertoDrunen
13
Dynamic Range Channel [DW]This is an experimental study that utilizes Kaufman's Adaptive Moving Average and the McGinley Dynamic. First, a fast and slow KAMA based McGinley Dynamic are calculated. The divergence between them is used to indicate wave direction. The channel's bounds are calculated by taking the highest high and lowest low of the slow McGinley Dynamic over a specified channel period. The dynamic midline is calculated by taking the mean of the highest and lowest values over the specified channel period. Custom bar colors are included. Also includes Williams Fractals for additional confirmation signals.
Pine Script® indicator
by DonovanWall
8
Anomaly Indicator V1.1 The Anomaly Indicator is an idea I recently come up with. Its very simple, yet it can be extremely useful. The Anomaly indicator detects the current and general trend channels. When the yellow line which is the current channel, exits the general channel this will usually mean an anomaly. Anomalies can vary within meaning, from a trend reversal, a market change (trending or rangebound) and lastly it can also give you an entering point. You can even use it to know the volatility of the market. This is a very early version of the indicator and has pre-set values. I personally use it among a 5 minute chart for daytrading. NOTE : Have in mind my indicator as ny other is not perfect, it might give fake signals. I suggest using Williams Alligator, and RSI with it. Best of luck. Follow my predictions under your own risk.
Pine Script® indicator
by EmilianoMesa
3