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Adding Fractals to BullCharts

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SayaPolo View Drop Down
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Joined: 19 Nov 2018
Location: Sydney
Posts: 5
Post Options Post Options   Quote SayaPolo Quote  Post ReplyReply Direct Link To This Post Posted: 22 Nov 2018 at 11:25am

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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