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Adding Fractals to BullCharts |
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SayaPolo
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Joined: 19 Nov 2018 Location: Sydney Posts: 5 |
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Posted: 22 Nov 2018 at 11:25am |
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Hi Maximo I recently came across Bill Williams’s Alligator and his
Awesome Oscillator and this could be traded in conjunction with Fractals. I am
hopeless in coding and just wonder if you can assist me in coding of these 2
indicators in Bull Chart. I found these in the websites. ALLIGATOR Indicator Alligator is the indicator which is designed to show a trend
absence, its formation and direction. Bill Williams saw metaphorical
resemblance between alligator’s behaviour and the allegory of the market’s one:
sleeping gives way to price-hunting after which it’s again time to sleep. The longer the alligator sleeps the hungrier it becomes and
logically, the stronger the market movement will be.
The indicator includes 13-, 8- and 5-period smoothed moving
averages each with its own displacement (8, 5 and 3 bars respectively) which are coloured blue, red and green thus representing the
alligator’s jaw, teeth and lips. How to construct MEDIAN PRICE = (HIGH + LOW) / 2 ALLIGATORS JAW = SMMA (MEDEAN PRICE, 13, 8) ALLIGATORS TEETH = SMMA (MEDEAN PRICE, 8, 5) ALLIGATORS LIPS = SMMA (MEDEAN PRICE, 5, 3) AWESOME OSCILLATOR Awesome Oscillator (AO) represents a momentum indicator which
reflects precise changes in the market driving force.
How to construct MEDIAN PRICE = (HIGH+LOW)/2 AO = SMA(MEDIAN PRICE, 5)-SMA(MEDIAN PRICE, 34) where
SMA — Simple Moving Average. Thanking you in anticiapation. |
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