Fractals PivotsWhich trader does not know pivots? There are a lot of varieties of pivots indicators of which some are a default on most trading platforms. So what better way to challenge yourself then to create your own kind of pivots. Let's welcome the idea of Fractal Pivots.
Williams Fractal or fractals is a technical analysis indicator introduced by the famous trader Bill Williams in his book ‘Trading Chaos’. He developed it on the basis of the Chaos Theory and trading psychology. The indicator is centred around the idea that there is repetition in price behaviour and fractals can provide an insight into those repetitive patterns.
How does the indicator turn these into pivot lines?
The user will set a time period in which the script will look for fractals. It will then remember all the fractals that happen during that time period.
Let's say you are trading the hourly chart with a weekly pivot setting like in the chart this script is published on. The script will highling the 1h fractals that are happening. Then the next week it will use these exact fractals from previous week to draw the pivot lines.
Another example here is an 8h chart. Look how it uses the previous week fractals this week.
Let me know if you find a very great fractal length+timeframe setting where the levels really get respected. I would really appreciate that.
Indicadores de Bill Williams
[JL] Fractals ATR BlockI decided to combine Fractal ROC , ATR Break, and Order Blocks to an Indicator
The Fractal ROC , ATR Break, and Order Blocks indicator combines three concepts to help traders identify potential trade opportunities and manage risk. By using a combination of Fractal ROC , ATR Break, and Order Blocks, traders can gain a deeper understanding of market dynamics and make more informed trading decisions.
Fractal ROC is a momentum-based indicator that calculates the rate of change of the price between fractals, which are turning points in the market. It is calculated by taking the difference between the closing price and the lowest price in the previous n+1 periods, and dividing it by the difference between the open price 2n periods ago and the lowest price in the previous n+1 periods. This calculation is done for both up and down fractals. When the Fractal ROC value is greater than the ROC Break Level (as determined by the input variable roclevel), it indicates a potential momentum shift in the market. This can be used to identify potential trade entries or exits, depending on your trading strategy.
ATR Break is an indicator that helps traders identify significant price movements in the market. It measures the distance between the price and the Average True Range (ATR), which is a measure of the volatility of the market. ATR Break is calculated by taking the difference between the close and high/low, and dividing it by the previous ATR value. This calculation is done for both up and down movements. When the ATR Break value is greater than the ATR Break Level (as determined by the input variable atrlevel), it indicates a significant move in the market. This can be used to identify potential breakouts or breakdowns, and can be used to set stop-loss and take-profit levels.
An Order Block is a price level where significant buying or selling activity has taken place. The order blocks made by ATR Break and Fractal ROC are drawn using boxes on the chart. When the ATR or Fractal ROC level is breached, a box is drawn with the high and low of the candle that breached the level as the top and bottom of the box, respectively. The box is then extended to the right until the end of the chart or until another ATR or Fractal ROC level is breached, at which point a new box is drawn. This allows traders to easily identify significant price movements and potential support and resistance levels on the chart. When an Order Block is identified, it can be used as a potential support or resistance level . If price approaches an Order Block from below, it is likely to bounce off this level and continue in an upward direction. Similarly, if price approaches an Order Block from above, it is likely to bounce off this level and continue in a downward direction. Traders can use these levels to identify potential trade entries or exits, as well as to set stop-loss and take-profit levels.
Overall, the Fractal ROC , ATR Break, and Order Blocks indicator is a powerful tool for traders who want to identify potential trade opportunities and manage risk. By combining these three concepts, traders can gain a deeper understanding of market dynamics and make more informed trading decisions. As with any indicator, it is important to use it in conjunction with other analysis tools and to have a clear trading plan in place.
Double Alligator x Donchian Cloud StrategyThis strategy is based on two sets of Williams Alligator indicators, taking crossovers and crossunders of the two pairs of lips as the main entry signal with confluence from the Donchian Cloud. The first Alligator used is set to the standard 13/8/5 lengths found in the standard indicator. The second Alligator is multiplied tenfold (10x) to 130/80/50 with the offset values also being multiplied. This second set is colored yellow, aqua, and purple for the jaw, teeth, and lips, respectively. A strategy similar to a moving average crossover can be created using these sets of Alligator indicators. While there are 6 lines in total, and can be used for discretionary matters outside of the strategy entry/exits, a cross of the lip pairs seems to yield the most optimal results. As a filter for these signals, we have introduced our Donchian Cloud Score code.
The Donchian Cloud Score is derived from a set of 5 Donchian channels (upper, lower, and basis plotted) defaulted to lengths of 25, 50, 100, 150, and 200. A set of conditions associated with the channels aims to determine ranging versus trending markets. Weights are given to these conditions accordingly, then tallied up to determine the "cloud score", ranging between -25 and 25. In general, a ranging market is determined by a cloud score between -10 and 10, while a positive trending market has a score higher than 10 and a negative trending market has a score lower than -10. That said, long and short thresholds similar to the macro score itself are included in the user settings and set to a default of 3 or -3. Trade frequency will increase the closer these numbers are to zero, however, the stronger (yet infrequent) signals come with values approaching +/- 10 or greater. The cloud score is plotted as a line in the underlay with coloration reflecting ranging or trending markets (green color above the long threshold, gray between the thresholds, and red below the short threshold). The cloud score is incorporated into the strategy syntax for long and short positions in that the score must be above or below the set threshold for a trade to be placed. A breakdown for the Donchian scoring is as follows:
- Broke the 25-length DC (DC(25)) upper band in the previous 3 bars - +1 if true, 0 if false
- Broke the DC(50) upper band in the previous 3 bars - +2 if true, 0 if false
- Broke the DC(100) upper band in the previous 3 bars - +3 if true, 0 if false
- Broke the DC(150) upper band in the previous 3 bars - +4 if true, 0 if false
- Broke the DC(200) upper band in the previous 3 bars - +5 if true, 0 if false
- Broke the DC(25) lower band in the previous 3 bars - -1 if true, 0 if false
- Broke the DC(50) lower band in the previous 3 bars - -2 if true, 0 if false
- Broke the DC(100) lower band in the previous 3 bars - -3 if true, 0 if false
- Broke the DC(150) lower band in the previous 3 bars - -4 if true, 0 if false
- Broke the DC(200) lower band in the previous 3 bars - -5 if true, 0 if false
- DC(25) basis line above the DC(50) basis line - +1 if true, -1 if false
- DC(25) basis line above the DC(100) basis line - +1 if true, -1 if false
- DC(25)basis line above the DC(150) basis line - +1 if true, -1 if false
- DC(25) basis line above the DC(200) basis line - +1 if true, -1 if false
- DC(50) basis line above the DC(100) basis line - +1 if true, -1 if false
- DC(50) basis line above the DC(150) basis line - +1 if true, -1 if false
- DC(50) basis line above the DC(200) basis line - +1 if true, -1 if false
- DC(100) basis line above the DC(150) basis line - +1 if true, -1 if false
- DC(100) basis line above the DC(200) basis line - +1 if true, -1 if false
- DC(150) basis line above the DC(200) basis line - +1 if true, -1 if false
Take profit, stop loss, and trailing percentages are also included, found at the bottom of the Input tab under “TT and TTP” as well as “Stop Loss”. Make sure to understand the TP/SL ratio that you desire before use, as the desired hit rate/profitability percentage will be affected accordingly. The option for adding in a trailing stop has also been included, with options to choose between an ATR-based trail or a percentage-based trail. This strategy does NOT guarantee future returns. Apply caution in trading regardless of discretionary or algorithmic. Understand the concepts of risk/reward and the intricacies of each strategy choice before utilizing them in your personal trading.
Profitview/Pineconnector Settings:
If you wish to utilize Profitview’s automation system, find the included “Profitview Settings” under the Input tab of the strategy settings menu. If not, skip this section entirely as it can be left blank. Options will be “OPEN LONG TITLE”, “OPEN SHORT TITLE”, “CLOSE LONG TITLE”, and “CLOSE SHORT TITLE”. If you wished to trade SOL, for example, you would put “SOL LONG”, “SOL SHORT”, “SOL CLOSE LONG”, and “SOL CLOSE SHORT” in these areas. Within your Profitview extension, ensure that your Alerts all match these titles. To set an alert for use with Profitview, go to the “Alerts” tab in TradingView, then create an alert. Make sure that your desired asset and timeframe are currently displayed on your screen when creating the alert. Under the “Condition” option of the alert, select the strategy, then select the expiration time. If using TradingView Premium, this can be open-ended. Otherwise, select your desired expiration time and date. This can be updated whenever desired to ensure the strategy does not expire. Under “Alert actions”, nothing necessarily needs to be selected unless so desired. Leave the “Alert name” option empty. For the “Message”, delete the generated message and replace it with {{strategy.order.alert_message}} and nothing else. If using Pineconnector, follow the same directions for setting up an alert, but use the ",buy,,risk=" syntax as noted in the tooltips.
Momentum Trend Fusion (MTF)The Momentum Trend Fusion (MTF) is a composite indicator that combines the Awesome Oscillator and the Relative Strength Index to provide a unique perspective on market momentum and trend strength. The MTF is calculated by first running the Relative Strength Index (RSI) on the Awesome Oscillator (AO) and then applying an Exponential Moving Average (EMA) on the RSI value. The MTF is designed to help traders detect market phases and confirm trend direction by analyzing the cross of the EMA and RSI, as well as divergences between the AO and price. The MTF can be customized by the user by providing the lengths of the RSI and EMA calculations, making it an ideal tool for traders with different time frames and risk tolerances.
Acrylic's 1m/3m Scalper Buy/Sell SignalsAcrylic's Scalper Signals uses a combination of RSI / Stochastic / Williams %R to calculate the perfect entry signals. The script(with it's default settings) has been optimized and thoroughly tested on BTC & ETH 1 and 3 minute time frames. It's intended for quick in and out trades that should only last a few minutes unless a strong trend is caught. Basic knowledge of market structure is needed, as you will not be taking every signal generated by the script.
You also have the option to display all signals regardless of the short term trend that has been confirmed by RSI. This can be good if you're looking for reversal entries at resistance/support levels.
-Large triangle signal: Strongest signal that was confirmed with RSI & Williams %R optimized calculations. (prints at current candle close)
-Small triangle signal: Fractal signal can be used as a late entry signal/continuation. (prints after 2 candle closes)
-Candle colors are matched to stochastic strength for added confluence to enter trades. (Must hide default trading view candles to see these)
-233SMMA color is matched to the extreme short term trend based off of RSI calculations.
Perfect Long Entry Setup Image :
1) EMA21 > EMA55 > EMA100 > SMMA233(Colored green for added confluence) - All pointing up indicating strong trend
2) Enter on pullback to short term EMA after signal candle closes. (Do not take entry if candles closed below 100EMA)
Perfect Short Entry Setup Image :
1) EMA21 < EMA55 < EMA100 < SMMA233(Colored red for added confluence) - All pointing down indicating strong trend
2) Enter on pullback to short term EMA after signal candle closes. (Do not take entry if candles closed above 100EMA)
Feel free to ask questions or leave feedback in the comments, I'm always looking to improve! Thanks!
3 indicators in another time frame "3 indicators in another time frame"
1- In the indicator settings section, you can save and change another time period
2-For time frame changes, it should be calculated in minutes
3-Includes three performance indicators ( ichimoku , bollinger bans, pivot ) that are set to a 15-minute timeframe by default.
Momentum shift CCI, MACD, RSI, AligatorIndicator for BTC only.
This indicator combines CCI MACD RSI AND William's alligator.
Bullish macd cross, RSI over 50, bullish William cross and positive CCI result in green background. Otherwise red background is displayed.
For better visibility extreme values can be displayed with greater color saturation. 1D BTCUSD is best with default values.
For other TFs Bull side and bear side values can be tweaked.
For bright red we may assume price to be `greatly oversold.
For bright green we may seek some profit taking.
BugiCoThis indicator is designed for shorter time frames - specifically 15 minutes to 1 minute.
It is scalping tool that users William Bollinger setup on various time frames.
This indicator will give you an edge and a way of thinking that you NEVER THOUGHT before because it has a story.
This indicator isolates between 0 and 100. Below around 20 is a buy, above 80 is a sell.
In these locations, try to formulate a scalping strategy with stop loss and risk management. If you don't do that, you will go broke quick in any indicator setup anyways. Be smart...
Story Of This Indicator
~ Took me a while to understand Bollinger Bands and i knew a ton about Fibonacci indicators. So decided to combine fibonacci and bollinger together across different time frames, which is the key. Use as small of a time frame as possible and use it all across the board. The game is designed to rob you either way BUT at least you will have a chance to see what your masters are already taking a look at. There are more complicated tools than this but understand this simple thing "Only way to win in this market to is to do the opposite of the crowd and steal as much money as possible". Create tools that can show you this to "WIN"...
I have a ton of other tools that can change everything for your trading/investing. Reach out to me if you have any questions.
Best wishes
~Megalodon
Profitunity - Beginner [TC]This indicator aggregates the knowledges of the first level of the Trading Chaos approach by Bill Williams. It uses the Market Facilitation Index (MFI) in conjunction with the type of bar(candle) to generate strong long and strong short signals.
General information
Bars numeration
All bars or candles could be numbered with the following algorithm. If we divide the candle for 3 equal parts from high to low. The highest third have the number 1, the middle one - 2, the lowest one - 3. Hence we can define the first number as the number of the third where the price opened, second - where the price closed. For example, if the price opened at the highest third and closed at the lowest one this candle has the number 13.
Trend defining
Also candles could be divided into three groups according to the trend condition: uptrend, downtrend, sideways. If the middle of the candle's trading range is above the high of the previous candle - it's uptrend candle, if below the low of the previous candle - it's downtrend candle, sideways in other candles.
Profitunity windows
According to Bill Williams MFI has 4 windows - fake, green, fade and squat. I am not going to describe here the methodology of MFI, but one thing you should know that the most valuable windows are green and squat. Green state is an indication of the true move on the market. Squat the sign that the increase in volume have not triggered the trend continuation and reverse is about to happen.
How to use?
You can use this script as the helper in automatic defining the type of candle. Indicator shows only green (green candle color) and squat (red candle color) MFI states. Add script to any timeframe and asset chart to see labels.
The "strong long" label flashes when 3 conditions are met:
1. Squat candle
2. Candle number 13
3. Downtrend candle
"Strong short" label flashes when:
1. Squat candle
2. Candle number 31
3. Uptrend candle
This indicator helps to find the trend reversal points, can be used in conjunction with other TA tools to find the entry points.
CM_SlingShotSystem+_CassicEMA+Willams21EMA13 htc1977 editionThis strategy is a combination of 2 indicators based on EMA(actually x3 EMAs and Williams ind.
We usin this to see where EMA fast is above EMA slow(for long), entry position when price hit fast EMA and exit if trend changes or price overbought, or by stoploss 1%.
The opposite for a short position.
For better result You can change every EMA's, stoploss, Willam's ind and other visualisation in settings.
If You find good combination - please, let me know(if You want).
I will check it with ML, and attach it here.
Original indicators will write in comments
Trend & atr day & calcHi!
Why for what and how in this script?
At the time of publication the script consists of three modules, it may increase in the future.
1. Bottom left corner : daytime ATR module
(idea and basis of the author's script - ???)
- The size of the daily ATR based on 14 bars;
- intraday ATR progress;
- colour indication of the progress status, for easier visual perception (green < 70%, yellow 70-90 and red over 90% of ATR)
By evaluating the progress of the daily ATR, it is possible to suggest and expedient to enter/exit/hold a trade.
2. Top right: trend module
The trend is calculated based on Bill Williams' alligator indicator
- trend status on specified timeframes for the current ticker;
- colour indication for visual perception (green - growing trend, yellow - alligator is sleeping, red - downtrend)
Do not forget that the alligator is based on moving averages with the resulting consequences.
Its purpose is to assess the state of the trend on other ticker TFs, without additional actions (switching to another screen or TF)
3. In the bottom left corner - risk and position calculator
(based on an idea of the risk calculator by @andrei.bunulu)
It helps to determine the advisability of entering the trade and also what size position to enter into the trade, within money management strategy chosen.
- The calculator works in two directions: long deal and short deal (short deal calculation is enabled by check-box in settings)
- two calculation methods:
a. based on the set stop loss % (default is 0.3%), in this mode the stop and takeout level is automatically calculated (default is 1 / 3).
b. by entering the desired price levels (entry, stop and take profit points)
To make this work correctly please do not forget to choose the type of calculation (% or price) in the settings, and the currency symbol (for visual representation in the results).
The calculator can take into account the set commissions and spreads.
When hovering over the module - tooltips are displayed.
Each module can be enabled / disabled in the settings.
The size and arrangement of the modules is made for joint use with the script - "Abnormal Bar".
/// а по-русски это так ///
Привет!
Зачем для чего и как в этом скрипте?
На момент публикации скрипт состоит из трех модулей, возможно в будущем увеличится.
1. В левом нижнем углу : модуль дневного ATR
(идея и основа скрипт автора - ???)
- размер дневной ATR на основании 14 баров;
- прогресс ATR внутри дня;
- цветовая индикация состояния прогресса, для более простого визуального восприятия (зеленый < 70%, желтый 70-90 и красный более 90% ATR)
Оценивая прогресс дневного ATR, можно предположить и целесообразности входа / выхода / удержания из сделки.
2. В правом верхнем углу: модуль тренда
Тренд рассчитывается на основе индикатора - аллигатор Билла Вильямса
- состояние тренда на указанных таймфреймах для текущего тикера;
- цветовая индикация для визуального восприятия (зеленый - растущий тренд, желтый - аллигатор спит, красный - нисходящий тренд)
Не забываем, что аллигатор построен на основе скользящих средних с вытекающими последствиями.
Назначение - оценить состояние тренда на других ТФ тикера, без дополнительных действий (переключения на другой экран или ТФ)
3. В нижнем левом углу - калькулятор рисков и позиции
(на основе идеи калькулятора аuthor: @andrei.bunulu)
Помогает определить целесообразность входа в сделку, а также каким размером позиции входить в сделку, в рамках выбранной стратегии мани менеджмента.
- калькулятор работает в два направления: длинная и короткая сделка (расчет по короткой включается в настройках чек-боксом)
- два варианта расчета:
а. на основании установленного % стоп лосса (по-умолчанию 0,3%), при этом режиме происходит автоматический расчет уровня стопа и тейка (по умолчанию 1 / 3).
b. путем ввода данных желаемых уровней цены (точки входа, стопа и тейк профита)
Для корректной работы не забываем в настройках выбирать тип расчета (% или цена), а также символ валюты (для визуального отображения в итогах).
Калькулятор может учитывать установленный размер комиссий и спреда.
При наведении на модуль - отображаются подсказки.
Каждый модуль можно включить / выключить в настройках.
Размер и расположение модулей сделано для совместного использования со скриптом - "Abnormal Bar"
Ostinated Adjustable Fractal with AlertThis indicator (Ostinated Adjustable Fractal with Alert) is like the traditional William Fractals. However, it created to overcome two disadvantages of the William Fractals:
1. Set minimum value to 1. This a big advantage over traditional William Fractal that has a minimum value of 2.
2. Alerts: setting alert with the traditional William Fractal is very difficult. We have created this indicator to simplify setting fractal alerts.
Like and comment.
Enjoy!
SUPER Alligator[Gabbo]this indicator serves to differentiate the classic type Line and source of Alligator
There are the classic inputs for the 3 lines ( Jaw , Teeth and Lips ) in addition to the choice of the normal source and the type of line, the choices are:
SMA = Simple moving average
EMA = Exponential moving average
WMA = Weighted moving average
RMA = Rolling moving average
HMA = Hull moving average
JMA = Jurik moving average
DEMA = Double exponential moving average
TEMA = Triple exponential moving average
LSMA = Least squares moving average
VWMA = Volume-weighted moving average
SMMA = Moving average Smoothed
KAMA = Kaufman Moving Average Adaptive
ALMA = Arnaud Legoux moving average
FRAMA = Fractal Adaptive moving average
VIDYA = Variable Index Dynamic Average
There are also Inputs that are valid only for some styles such as:
JMA = "Phase" and "Power"
ALMA = "Offset" and "Sigma"
FRAMA = "Lower shift ( FC )" and "Upper shift ( SC )"
VIDYA = "Fixed CMO Lenght (9)?" and "Calculation Method: CMO/StDev?"
Selecting the input: "Use Different Source ???" you can use a source with multiple elements of your choice:
2 = (Source 1 + Source 2) / 2
3 = (Source 1 + Source 2 + Source 3) / 3
4 = (Source 1 + Source 2 + Source 3 + Source 4) / 4
5 = (Source 1 + Source 2 + Source 3 + Source 4 + Source 5) / 5
These are the editable Inputs for Plots:
"Jaw/ Teeth/ Lips ???" = to arm / disarm the Lines
"Fill Line???" = to insert / de-sensitize the fill of the Long and Short Lines - Long = Lips> Teeth> Jaw - Short = Jaw> Teeth> Jaw - Neutral = rest
"Fill Background???" = to insert / desensit the background of the Long and Short Lines - Long = Lips> Teeth> Jaw - Short = Jaw> Teeth> Jaw - Neutral = rest
EMA + Williams Fractal Pullback [Trading Nerd]EMA Pullback Strategy with Williams Fractal Indicator
Backtesting script that searches for trends (long and short) and a following pullback into the EMAs. It enters on the first Williams Fractal in the desired direction. I found the Strategy on YouTube as a "M1 Scalping Strategy for Bitcoin".
Including fees the strategy is not profitalbe in lower timeframes (at least if not optimized). But it seems to work on higher timeframes as a swing traiding strategy.
Strategy Conditions
Longs:
EMA 1 > EMA 2 and EMA 2 > EMA 3
Number of need to be above the EMA 1
Then a Pullback into the EMAs is required
Enter on the first bullish Williams Fractal
Signal is canceled if the price closes below the EMA 3
Shorts:
EMA 1 < EMA 2 and EMA 2 < EMA 3
Number of need to be below the EMA 1
Then a Pullback into the EMAs is required
Enter on the first bearish Williams Fractal
Singal is canceled if the price closes above the EMA 3
Take Profit
A Risk Reward Take Profit is possible. If you want to use only a trailing Stop Loss, you can set the Take Profit to 'None'
Stop Loss
The default Stop Loss is EMA. If the Pullback has not reached the EMA 2, the Stop Loss is set to the EMA 2. If the Pullback has reached the EMA 2, the Stop Loss is set to the EMA 3.
Other Stop Loss types are available: ATR, HH/LL
Trailing Stop Loss
Available trailing Stop Loss types: ATR, HH/LL. Best practice is to also set the Stop Loss type to the same value.
The Stop Loss is updated if the value from the latest closed candle is greater/less than the previous value for a long/short trade.
Additional
Time Filter: Only opens trade in the defined Session. Open trades are still being closed outside of the Session.
Start Date/End Date: Limits the backtest for the defined Date Range
Trading Days: Only open Trades on the checked Days
Risk % per Trade: If enabled the Strategy uses X% of the capital (defined in Settings -> Properties -> Initial Capital)
Use Compound Interest: If enabled Capital is recalculated for every trade (initial capital + net Profit)
IMPORTANT: For low Timeframes and Markets with tight SL (like Forex) it requires a lower Margin Percent than default. Go to Settings->Properties and lower the required Long/Short Margin. Otherwise Trades might not be considered because of too less capital/marign. Margins can e.g. set to: 2% (Forex), 10% (Stocks), 20% (Crypto).
Quick and Simple - WPR+RSI+CCITake a look.
Couple of confluencial reversal signals from popular indicators (W%R, RSI & CCI). I can only say this shows how random the "stanard tools" are and how the market makers "play" these kind of tools to their advantage.
That said. It's better tha average, but not top-class, so expect to have to take signals with other confluence. DON'T take the plots or signals as buy / sell signals, they are just confluencial movements from these indicators based on how they should be "traditionally" used. Instead, use it as a guide as to what other traders may be thinking, or as a pull-back identifier.
Included 100 period ema as basic trend filter.
Not my normal type of script + been away for some time so be kind, lol :)
You might find it useful however so sharing.
More stuff to follow :)
EMA 5,15,35,89,200 BY NUTPlots exponential moving average on four timeframes at once for rapid indication of momentum shift as well as slower-moving confirmations.
Displays EMA 5, 15, 35, 89 and 200... default colors are hotter for faster timeframes, cooler for slower ones
ขอบคุณครับ
Shaikh Saab Ki MagarmachJab Magarmach bhuki ho jati hai to wo sabko kha jati hai chahe wo bulls ho ya bears.
Z.A.H.It's a scalping script, which can be used using Heikin Ashi candle on 5min time frame (I personally use it for BINANCE:BTCUSDT and BINANCE:ETHUSDT scalping).
We've tried to include SL and target (1.5R and 2R) in this as well, and it works well but sometimes (please note SOMETIMES..SOMETIMES, it can be few..few pips here and there)
Idea is simple, you take the trade based on the signal given by the script and place your SL as per the script and then target 1.5R for 80% of your position and 20% for the remaining 20% of your position.
One extra thing which I've found useful is, you can use Awesome Oscillator (default setting) as well for placing SLs. If you use this method for placing SL, then just place your SL at the last green awesome oscillator candle for shorts and at the last red awesome oscillator candle for longs. From there target 1.5R and 2R.
Overall results are same for either, so you can use it as per your convenience. For any query, you can send me a DM on discord or twitter.
End-pointed SSA of Williams %R [Loxx]End-pointed SSA of Williams %R is an indicator that runes Williams %R SSA calculation through a Singular Spectrum Analysis (SSA) algorithm to derive a smoother final output. The reduction in noise from the traditional Williams %R is significant.
What is Williams %R?
Williams %R , also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market. The indicator is very similar to the Stochastic oscillator and is used in the same way. It was developed by Larry Williams and it compares a stock’s closing price to the high-low range over a specific period, typically 14 days or periods.
What is Singular Spectrum Analysis ( SSA )?
Singular spectrum analysis ( SSA ) is a technique of time series analysis and forecasting. It combines elements of classical time series analysis, multivariate statistics, multivariate geometry, dynamical systems and signal processing. SSA aims at decomposing the original series into a sum of a small number of interpretable components such as a slowly varying trend, oscillatory components and a ‘structureless’ noise. It is based on the singular value decomposition ( SVD ) of a specific matrix constructed upon the time series. Neither a parametric model nor stationarity-type conditions have to be assumed for the time series. This makes SSA a model-free method and hence enables SSA to have a very wide range of applicability.
For our purposes here, we are only concerned with the "Caterpillar" SSA . This methodology was developed in the former Soviet Union independently (the ‘iron curtain effect’) of the mainstream SSA . The main difference between the main-stream SSA and the "Caterpillar" SSA is not in the algorithmic details but rather in the assumptions and in the emphasis in the study of SSA properties. To apply the mainstream SSA , one often needs to assume some kind of stationarity of the time series and think in terms of the "signal plus noise" model (where the noise is often assumed to be ‘red’). In the "Caterpillar" SSA , the main methodological stress is on separability (of one component of the series from another one) and neither the assumption of stationarity nor the model in the form "signal plus noise" are required.
"Caterpillar" SSA
The basic "Caterpillar" SSA algorithm for analyzing one-dimensional time series consists of:
Transformation of the one-dimensional time series to the trajectory matrix by means of a delay procedure (this gives the name to the whole technique);
Singular Value Decomposition of the trajectory matrix;
Reconstruction of the original time series based on a number of selected eigenvectors.
This decomposition initializes forecasting procedures for both the original time series and its components. The method can be naturally extended to multidimensional time series and to image processing.
The method is a powerful and useful tool of time series analysis in meteorology, hydrology, geophysics, climatology and, according to our experience, in economics, biology, physics, medicine and other sciences; that is, where short and long, one-dimensional and multidimensional, stationary and non-stationary, almost deterministic and noisy time series are to be analyzed.
Included:
Bar coloring
[*Alerts
[*Signals
[*Loxx's Expanded Source Types
Related Williams %R Indicators
Williams %R on Chart w/ Dynamic Zones
Williams %R w/ Bollinger Bands
Intermediate Williams %R w/ Discontinued Signal Lines
Related SSA Indicators
End-pointed SSA of FDASMA
End-pointed SSA of Normalized Price Oscillator
Williams %R (v.4)This is an upgrade and an update of my Williams %R indicator modification.
As before this implementation is enhanced with CCI in the form of background colors. These colors can be used as a confirmation signal and indication of a current trend. Thee also can be employed in deciding when to enter/exit the market.
Besides, added is a scaling function and Lower/Upper Bound inputs.
Fractals + Alligator + Divergent Bars + Squat BarsFractals + Alligator + Divergent Bars + Squat Bars Williams Indicators
All combined in one
