Setup 9.1 by Larry Williams Setup 9.1 by Larry Williams.
The indicator will give text signal and change the color of the signal candle, being based exclusively on the setup 9.1
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PT-BR
Setup 9.1 do Larry Williams.
O indicador irá dar sinal de texto e alterar a cor do candle de sinal, se baseando exclusivamente no setup 9.1
"williams"に関するスクリプトを検索
WPR Volume Candle [Atareum]AWPRVC (Atareum WPR Volume Candles) is clearly an awesome indicator produced by AtareumFX that is based on William’s Percent Range concepts by combination with volume. This is a new approach of volume candles that is combined with R% concepts and creates such a powerful tool to trace the market and assists traders to make better decisions surly and so much accurate. You can find this new indicator more useful because it has all benefits and advantages of William’s R% and cover its disadvantages. Also it is more powerful because of using volume in its calculations and generate a new candles which is more reliable and trustworthy.
Concept:
Using William’s Percent leading periods and calculations on redesigning new candles in combination with volume, that makes unique reform candles, but these new candles with their new cloud system clearly response to any reasonable price movement with so much information.
As you know if use R% there are some misleading fake signals generate by oscillator, also it could not show any sign of price moving trend which is almost confusing for beginners or even a pro trader! And finally this oscillator is so sensitive to price change that is so creepy to use for most of traders.
This new AWPRVC solve the problem and make all of them handy and useful for you.
The cloud system which is designed in AWPRVC shows the price trend moving from Bearish Zone (-100 to -50 percent) to Bullish Zone (-50 to 0 percent). You can trust the lead moving forward of the clouds in two separate Top and Bottom (Bull and Bear) lines which solely determine the trend and power of price moving. When clouds are close to each other means we continue the trend and when they get far away from each other means we will face powerful trend in near future. If they are in Bearish Zone we continue the selling pressure and vice versa. Following picture shows good sample of Long and Short positions in compare with so many fake signals generated on original R%.
Besides the cloud system of AWPRVC which is clearly show the price trend and it is completely enough for being sure about price moving trend, you can use moving average which is designated in it to confirm the price trend, also.
Also you can see this new AWPRVC candle by using volume within its conformation, make reasonable price candles which is no so sensitive and so creepy and make your decisions come true in peace and clear sense of market moves. You can see following picture which is showing although the real price candles are so unclear and nonsense of making decision but the AWPRVC candles lead you to make true and trustable position.
As you see this new combination of Williams R% oscillator with volume and also generating a perfect new cloud system will clearly help traders even pro to trust the signals and understand whole market movement better and all of original problems of R% solved and even make a most powerful, trustworthy and useful new indicator.
Parameters:
Section 1 : Candle colour setting for flourishing just as you desire !
Section 2 : Defining Periods of R% and source of candle data in combination with determining the smoothing type of moving averages and signal period.
Section 3 : Select using Standard candles alongside with redesigned cloud calculation type and three additional moving averages which can plot on each newly generated candles and standard candles on a chart with the type mode defined in the previous section.
Note: if you want to omit any or all of these moving averages, you can use 0 in period, instead of selecting "None" in the plot moving option!
Usage :
Overall:
Regardless of the additional moving averages which will lead to so many situations of market according to their types and designs, that is four different period for new redesign AWPRVC and three period for standard chart. You can easily select periods and type for these moving averages. Also, do not forget that signal moving averages is shown only on AWPRVC chart and have two different colour for upward and downward trends. Other moving averages are plot by just one single colour.
Cloud levels are so important because AWPRVC candles show respect to them and when they break the clouds upward or downward it is surly beginning of a trend. Do not forget we have 5 levels for tracing new AWPRVC candles move as follows : Ready for Short \ Long, Surly Short \ Long and Turn Trend which is in middle range of movement percent. Each level clearly shows what it means by its name.
Support and Resistance:
Any consolidation of AWPRVC candles in Ready for Short or Long Zones means the support or resistance level due to its nature, but important thing is how long the candles lasts in there or how many times repeated in the same level in AWPRVC chart zone in future.
For plotting the support or resistance you should trace range of AWPRVC candles consolidated and plot zone in standard chart candles just like following picture.
Divergence:
When standard price candles move downward but we see upward trend in clouds of AWPRVC candles that means we should face Bullish Trend because of the divergence and vice versa. You can see perfect example in following picture.
Signal:
Alert of Long :
Bullish candle cross both cloud down and up level simultaneously.
Confirmed Long :
AWPRVC candles cross up turn trend level and pullback to cloud up level.
Take profit of Long:
Any cross down of the AWPRVC candles from surly short level of chart.
Alert of Short :
Bearish candle cross both cloud up and down level simultaneously.
Confirmed Short :
AWPRVC candles cross down turn trend level and pullback to cloud down level.
Take profit of Short:
Any cross up of the AWPRVC candles from surly long level of chart.
Notes:
Use moving averages cross of standard chart candles as lead to be in positions more as they are good representative of trend.
As long as AWPRVC candles or Cloud levels are in Bullish Zone, you can stay in Long positions.
Cloud level thickness means the power of trend and can be use as confirmation of powerful trend, so when cloud levels tight or going to cross each other it means the trend is going to be reversed.
It is the result of many years of experience in markets and there are so many details about this AWPRVC chart which I am in the experiment phase to publish in the future, so please help me with your ideas and do not hesitate to comment and inform me any suggestions or criticism.
WMB Oscillator | [DeV]The "WMB Oscillator" indicator is a multi-factor momentum and volatility indicator designed to give traders a dynamic edge in identifying trend strength, market pressure, and potential turning points. By combining three powerful tools—Williams %R, Money Flow Index, and Bollinger Band Width—this oscillator presents a single histogram that visually represents the interplay between overbought/oversold levels, volume-weighted pressure, and volatility expansion. Use it to anticipate trend shifts, confirm entries, or avoid traps in ranging markets.
Williams %R:
Williams %R measures the closing price's position relative to the recent high-low range over a defined period. It outputs a value between 0 and -100, where values closer to -100 suggest oversold conditions, and those near 0 indicate overbought. In this oscillator, the raw %R is normalized between your defined overbought and oversold thresholds, allowing it to integrate seamlessly into the combined signal without distortion from price scale differences.
Money Flow Index (MFI):
The MFI gauges buying and selling pressure using both price and volume. It calculates the typical price for each bar, multiplies it by volume, and compares positive versus negative money flows over time. Normalized between your custom thresholds, the MFI component helps highlight when a move is driven by real conviction (volume) rather than weak price fluctuation, enhancing the signal’s reliability.
Bollinger Band Width (BB Width):
BB Width quantifies volatility by measuring the percentage difference between the upper and lower Bollinger Bands relative to their moving average. When volatility contracts, BB Width narrows—often preceding explosive moves. When it expands, volatility is peaking. Here, the raw BB Width is detrended using its moving average and scaled with a user-defined multiplier to reflect its deviation strength.
Why Combine These:
Each of these three metrics captures a unique dimension of market behavior: %R tracks momentum in price extremes, MFI confirms the move’s strength through volume, and BB Width anticipates volatility surges. Combined, they form a balanced oscillator that reacts fluidly to market changes while filtering out noise. The result is a nuanced, multi-angle view of the market's internal dynamics, enabling smarter, more confident trading decisions.
Oscillators EqualizerAn oscillator of the oscillators. This is one of my private indicators that implements a quantitative approach: it collects readings from internal oscillators and calculates scores for the selected metric.
Features
46 well-known oscillators
6 metrics ( Bands Breakouts , Overbought/Oversold , Above/Below Middle Line , Middle Line Crossovers , Above/Below Signal Line , Signal Line Crossovers )
Oscillators customization
Implemented oscillators
Relative Strength Index (by J. Welles Wilder)
Chande Momentum Oscillator (by Tushar S. Chande)
Intraday Momentum Index (by Tushar S. Chande)
Stochastic RSI (by Tushar S. Chande and Stanley Kroll)
Aroon Oscillator (by Tushar S. Chande)
R-Squared Index (by Tushar S. Chande and Stanley Kroll)
Forecast Oscillator (by Tushar S. Chande)
Relative Momentum Index (by Roger Altman)
Moving Average Convergence/Divergence (by Gerald Appel)
Connors RSI (by Larry Connors)
Rapid RSI (by Ian Copsey)
Relative Spread Strength (by Ian Copsey)
Vortex Indicator (by Etienne Botes and Douglas Siepman)
Random Walk Index (by Michael Poulos)
True Strength Index (by William Blau)
Stochastic Momentum Index (by William Blau)
Ergodic Oscillator (by William Blau)
Smoothed Rate Of Change (by Fred G. Schutzman)
TRIX (by Jack Hutson)
Pretty Good Oscillator (by Mark Johnson)
Choppiness Index (by Bill Dreiss)
Tick Line Momentum Oscillator (by Daniel E. Downing)
Price Momentum Oscillator
Relative Volatility Index (by Donald Dorsey)
Trend Trigger Factor (by M. H. Pee)
Trend Intensity Index (by M. H. Pee)
Trend Detection Index (by M. H. Pee)
Trend Continuation Factor (by M. H. Pee)
Relative Vigor Index (by John F. Ehlers)
Fisher Transform (by John F. Ehlers)
CG Oscillator (by John F. Ehlers)
Stochastic CG Oscillator (by John F. Ehlers)
Laguerre RSI (by John F. Ehlers)
Rocket RSI (by John F. Ehlers)
Recursive Median Oscillator (by John F. Ehlers)
Super Passband Filter (by John F. Ehlers)
Roofing Filter (by John F. Ehlers)
Ehlers Stochastic (by John F. Ehlers)
Fisherized Deviation-Scaled Oscillator (by John F. Ehlers)
Bollinger Bands %B (by John Bollinger)
Williams %R (by Larry Williams)
Ultimate Oscillator (by Larry Williams)
Money Flow Index (by Gene Quong and Avrum Soudack)
Commodity Channel Index (by Donald Lambert)
Ease of Movement (by Richard W. Arms)
Chaikin Money Flow (by Marc Chaikin)
Swing Indicator (Tune for FCPO)Special indicator for FCPO (Crude Palm Oil Futures - Bursa Malaysia Derivative) traders but you can try another instrument.
Trend determination and buy/sell signals are using the Alligator system from Bill Williams.
To get maximum profit, the system uses the trailing stop technique using Average True Range (ATR) with 4 moving average options (RMA, SMA, EMA, WMA).
Please leave comments if any opinions.
Disclaimer
The content is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to your investment objectives, financial situation, or needs of yourself or any other specific person. Before committing to a trade or investment, please seek advice from financial or other professional advisers regarding the suitability of the trade for you. If you do not wish to seek such financial advice, please consider carefully whether the product is suitable for you as you alone remain responsible for your trading gains and losses.
Larry Williams's Market Structure
Here is a Pine script based on Larry Williams' market structure model.
Note: When processing real-time ticks, heavy calculations can cause script errors. To prevent this, please adjust the script's data range accordingly.
As I'm not an expert in Pine Script, there may be some imperfections. Your understanding is appreciated.
I have great admiration for the wisdom of Larry Williams.
May the trend be with you.
Visible bars count on chart + highest/lowest bars, max/min AOThe indicator displays the number of visible bars on the screen (in the upper right corner), including the prices of the highest and lowest bars, the maximum or minimum value of the Awesome Oscillator (similar to MACD 5-34-5) for identify the 3-wave Elliott peak in the interval of 100 to 140 bars according to the Profitunity strategy of Bill Williams. The values change dynamically when scrolling or changing the scale of the graph.
In the indicator settings, you can hide labels, lines and change any parameters for the AO indicator - method (SMA, Smoothed SMA, EMA and others), length, source (open, high, low, close, hl2 and others).
‼️ The values are updated within 2-3 seconds after changing the number of visible bars on the screen.
***
Индикатор отображает количество видимых баров на экране (в правом верхнем углу), в том числе цены самого высокого и самого низкого баров, максимальное или минимальное значение Awesome Oscillator (аналогично MACD 5-34-5), чтобы определить пик 3-волны Эллиота в интервале от 100 до 140 баров по стратегии Profitunity Билла Вильямса. Значения меняются динамически при скроллинге или изменении масштаба графика.
В настройках индикатора вы можете скрыть метки, линии и изменить любые параметры для индикатора AO – метод (SMA, Smoothed SMA, EMA и другие), длину, источник (open, high, low, close, hl2 и другие).
‼️ Значения обновляются в течении 2-3 секунд после изменения количества видимых баров на экране.
Jake Bernstein - Williams A/D MA57This indicator uses the Larry Williams accumulation distribution with a 57 period sma of Williams. It is used in conjunction with the Jake Bernstein MAC (moving average channel)
EneX SignalEneX is signal that give recommendation signals for entry and exit on spot market. This indicators not suitable for leverage trading in futures market.
EneX signal consider several indicators and has entry and exit rules.
EneX signal is suitable for investors who believe in trend following strategy (disclaimer on).
This script composed by Yohan Naftali for educational purpose only. Reader who will use this signal must do own research.
Indicator and Plot Involved
1. Williams Fractals with default periods = 2
2. William Alligator Indicators with default simple moving average 8, 13, and 21
3. Exponential Moving Averages with default value EMA 50, 100, and 200
4. Relative Strength Index with default overbought level = 80 and oversold level = 20
5. Williams Fractals are joined to create support and resistance line and fill area between support and resistance lines.
Entry signal conditions
1. Entry on Weakness when bullish fractal appear on n/2 period
2. Entry when price break resistance line
All entry condition must above EMA and alligator signal and not in overbought RSI
Exit signal conditions
1. Lowest price is below Exponential Moving Average
2. Lowest price is below William alligator lines
You can easily find entry and exit points by using Entry (E), Exit(X) signals
How to use
1. Monitor chart and wait until E or X signals
2. Entry if Entry Signal (E) appear (green colored label)
3. Exit if Exit Signal (X) appear (red colored label)
4. Change indicators setting when necessary
Best Practice
1. Entry only when entry signal (E) appear
2. Never entry when price below William alligator signal
3. Exit when exit signal (X) appear
4. Not exit when exit signal appear when you believe or you have information that price will be rebound
5. Exit if you believe that current price meet your target price
6. Always wise when use EneX signals
Disclaimer
Do your own research and consider fundamental price of asset.
The indicators provided on this script is for educational purposes only.
Author does not offer advisory or brokerage services, nor does it recommend or advise users to buy or sell particular stocks or securities.
Please examined script and give feedback for further improvement.
MS POIVThis indicator was introduced by Larry Williams in 2007 and is very similar to the well known OBV indicator.
As such, it should be examined for convergence and divergence with the price trend. The interpretation can be done using the Wyckoff principles.
* Price rises, POIV stays behind => no subsequent demand
* Price meets resistance, POIV reaches new highs => supply (distribution) in the background
* Price and POIV rise synchronously => price trend is intact
These statements can of course be applied correspondingly to falling prices.
Larry Williams wrote for explanation:
Despite the problem, volume indictors have proven their worth, but while it is
a good idea to watch the cumulative flow of buying and selling pressure, you
should not assign all of this buying and selling to bulls and bears. Combined
with other concepts, such as keying off the open, we can focus on something
more germane to trading based just on volume, or what some might consider
related volatility indicators, such as daily ranges.
Futures traders can consider at least one solution to this problem: open
interest. Open interest is the number of outstanding contracts in a particular
market. (...))
The formula is calculating the cumulative sum of open interest times the net
change in price, divided by the true range. We then add the OBV value to this
cumulative sum.
So we first take the net change in price (today’s close minus yesterday’s close)
to get a percentage of where within the range the close was. Not all of the
activity will be buying or selling; the market “tells” us what percentage of
open interest goes to the buy or sell side.
Not only that, it also means we are incorporating price and trend change into
the formula.
(...)
One note of warning is necessary. The Williams POIV AD is a specific formula
that compensates for the close within the range relationship, as well telling
us how much OI to use, but it is an indicator, not a trading system. In
practice, it is useful to confirm a trade or to focus attention on a potential
trade. It is not intended to stand as the sole reason to initiate a position
in the market.
Fractals | Swing Points | Highs & Lows | Custom PeriodsSimple script which marks out key swing highs & lows.
One of the only indicators I have on the chart most days
- perfect for naked charting
- quickly helps you to visually identify key areas of interest
An extension of Bill Williams fractals
- aka short term swing points
Allows you to filter for only the most prominent swing points
- you can even overlay multiple swingpoint filters in different colours (as per example chart)
The number (Fractal Periods) is simply:
- the number of less prominent points either side of your swing high/low
- example shown on the chart
Otherwise make a fist
- look at your 5 knuckles
- swing high is your middle knuckle
- 2 lower points either side
Bill Williams Original Fractal:
Fractal Periods = 2
Your Fractal Period for Filtering:
3, 4, 5, 30, 365, etc
Simple, easy, shared to enjoy =)
Bill Williams Trading Chaos Vol 1-NoviceThis is a revision of a script developed by tekolo. I hope tekolo takes a look. The concepts are here but I struggle with pine. I am very much a novice, but I tried to put information from the original book, Trading Chaos, Volume One by Bill Williams. There are too many plots to get this to wor. I made a lot of plot lines into comments to get it to run. I'm hoping someone with an interest in this material and some programming skills will be kind enough to take these thoughts and put them in a script that the Pine Editor would actually run. Thanks for taking a look. I do believe in these leading indicators. This is information included for Novice Level Trading in the Bill Williams book. There are more indicators developed in his material, but the jest is that Price is an end result of the marketplace. Market participation (Volume), Market Bias (Momentum), Increased Participation and Bias (Acceleration) all preceed the formation of the Trend. This along with Elliott Wave interpretation using his indicators as a basis for locating key points of the Elliott Wave, are most of what I understand about this interesting man's work. Again, I am a novice at all of this, but the leading indicators that result in price seem interesting. Thanks!
Bill Williams. Awesome Oscillator (AC) Signal Line This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
Bill Williams. Awesome Oscillator (AO) Signal Line This indicator is based on Bill Williams` recommendations from his book
"New Trading Dimensions". We recommend this book to you as most useful reading.
The wisdom, technical expertise, and skillful teaching style of Williams make
it a truly revolutionary-level source. A must-have new book for stock and
commodity traders.
The 1st 2 chapters are somewhat of ramble where the author describes the
"metaphysics" of trading. Still some good ideas are offered. The book references
chaos theory, and leaves it up to the reader to believe whether "supercomputers"
were used in formulating the various trading methods (the author wants to come across
as an applied mathemetician, but he sure looks like a stock trader). There isn't any
obvious connection with Chaos Theory - despite of the weak link between the title and
content, the trading methodologies do work. Most readers think the author's systems to
be a perfect filter and trigger for a short term trading system. He states a goal of
10%/month, but when these filters & axioms are correctly combined with a good momentum
system, much more is a probable result.
There's better written & more informative books out there for less money, but this author
does have the "Holy Grail" of stock trading. A set of filters, axioms, and methods which are
the "missing link" for any trading system which is based upon conventional indicators.
This indicator plots the oscillator as a histogram where periods fit for buying are marked
as blue, and periods fit for selling as red. If the current value of AC (Awesome Oscillator)
is over the previous, the period is deemed fit for buying and the indicator is marked blue.
If the AC values is not over the previous, the period is deemed fir for selling and the indicator
is marked red.
Bill Williams. Awesome Oscillator (AC) Strategy This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
CuteWilly Oscillator_SKThis is a potent combination of Williams % R , EMA & SMA on Williams % R alongwith input from RSI as well. Gives very good picture of the trend, trend reversal and strength of the trend as well.
Swing High/Low by %REnglish Description
Swing High/Low by %R
This indicator identifies potential swing high and swing low points by combining William %R overbought/oversold turning points with classic swing price structures.
Swing High: Detected when William %R turns down from overbought territory and the price forms a local high (higher than both neighboring bars).
Swing Low: Detected when William %R turns up from oversold territory and the price forms a local low (lower than both neighboring bars).
This tool is designed to help traders spot possible market reversals and better time their entries and exits.
Customizable parameters:
Williams %R period
Overbought & Oversold thresholds
The indicator plots clear signals above/below price bars for easy visualization.
For educational purposes. Please use with proper risk management!
คำอธิบายภาษาไทย
Swing High/Low by %R
อินดิเคเตอร์นี้ใช้ระบุจุด Swing High และ Swing Low ที่มีโอกาสเป็นจุดกลับตัวของตลาด โดยอาศัยสัญญาณจาก William %R ที่พลิกกลับตัวบริเวณ overbought/oversold ร่วมกับโครงสร้างราคาแบบ swing
Swing High: เกิดเมื่อ William %R พลิกกลับลงจากเขต Overbought และราคาแท่งกลางสูงกว่าทั้งสองแท่งข้างเคียง
Swing Low: เกิดเมื่อ William %R พลิกกลับขึ้นจากเขต Oversold และราคาแท่งกลางต่ำกว่าทั้งสองแท่งข้างเคียง
ช่วยให้เทรดเดอร์สามารถมองเห็นโอกาสในการกลับตัวของราคา และใช้ประกอบการวางแผนจังหวะเข้าหรือออกจากตลาดได้อย่างแม่นยำมากขึ้น
ตั้งค่าได้:
ระยะเวลา Williams %R
ค่าขอบเขต Overbought & Oversold
อินดิเคเตอร์จะแสดงสัญลักษณ์อย่างชัดเจนบนกราฟเพื่อความสะดวกในการใช้งาน
ควรใช้ร่วมกับการบริหารความเสี่ยง
Drawdown from 22-Day High (Daily Anchored)This Pine Script indicator, titled "Drawdown from 22-Day High (Daily Anchored)," is designed to plot various drawdown levels from the highest high over the past 22 days. This helps traders visualize the performance and potential risk of the security in terms of its recent high points.
Key Features:
Daily High Data:
Fetches daily high prices using the request.security function with a daily timeframe.
Highest High Calculation:
Calculates the highest high over the last 22 days using daily data. This represents the highest price the security has reached in this period.
Drawdown Levels:
Computes various drawdown levels from the highest high:
2% Drawdown
5% Drawdown
10% Drawdown
15% Drawdown
25% Drawdown
45% Drawdown
50% Drawdown
Dynamic Line Coloring:
The color of the 2% drawdown line changes dynamically based on the current closing price:
Green (#02ff0b) if the close is above the 2% drawdown level.
Red (#ff0000) if the close is below the 2% drawdown level.
Plotting Drawdown Levels:
Plots each drawdown level on the chart with specific colors and line widths for easy visual distinction:
2% Drawdown: Green or Red, depending on the closing price.
5% Drawdown: Orange.
10% Drawdown: Blue.
15% Drawdown: Maroon.
25% Drawdown: Purple.
45% Drawdown: Yellow.
50% Drawdown: Black.
Labels for Drawdown Levels:
Adds labels at the end of each drawdown line to indicate the percentage drawdown:
Labels display "2% WVF," "5% WVF," "10% WVF," "15% WVF," "25% WVF," "45% WVF," and "50% WVF" respectively.
The labels are positioned dynamically at the latest bar index to ensure they are always visible.
Explanation of Williams VIX Fix (WVF)
The Williams VIX Fix (WVF) is a volatility indicator designed to replicate the behavior of the VIX (Volatility Index) using price data instead of options prices. It helps traders identify market bottoms and volatility spikes.
Key Aspects of WVF:
Calculation:
The WVF measures the highest high over a specified period (typically 22 days) and compares it to the current closing price.
It is calculated as:
WVF
=
highest high over period
−
current close
highest high over period
×
100
This formula provides a percentage measure of how far the price has fallen from its recent high.
Interpretation:
High WVF Values: Indicate increased volatility and potential market bottoms, suggesting oversold conditions.
Low WVF Values: Suggest lower volatility and potentially overbought conditions.
Usage:
WVF can be used in conjunction with other indicators (e.g., moving averages, RSI) to confirm signals.
It is particularly useful for identifying periods of significant price declines and potential reversals.
In the script, the WVF concept is incorporated into the drawdown levels, providing a visual representation of how far the price has fallen from its 22-day high.
Example Use Cases:
Risk Management: Quickly identify significant drawdown levels to assess the risk of current positions.
Volatility Monitoring: Use the WVF-based drawdown levels to gauge market volatility.
Support Levels: Utilize drawdown levels as potential support levels where price might find buying interest.
This script offers traders and analysts an efficient way to visualize and track important drawdown levels from recent highs, helping in better risk management and decision-making. The dynamic color and label features enhance the readability and usability of the indicator.
Adjusted CoT IndexAdjusted COT Index
Improves upon: "COT Index Commercials vs large and small Speculators" by SystematicFutures
How: CoT Indexes are adjusted by Open Interest to normalise data over time, and threshold background colours are in-line with Larry Williams recommendations from his book.
Note: This indicator is **only** accurate on the Daily time-frame due to the mid-week release date for CoT data.
This script calculates and plots the Adjusted Commitment of Traders (COT) Index for Commercial, Large Speculator, and Retail (Small Speculator) categories.
The CoT Index is adjusted by Open Interest to normalise data through time, following the methodology of Larry Williams, providing insights into how these groups are positioned in the market with an arguably more historically accurate context.
COT Categories
-------------------
- Commercials (Producers/Hedgers): Large entities hedging against price changes in the underlying asset.
- Large Speculators (Non-commercials): Professional traders and funds speculating on price movements.
- Retail Traders (Nonreportable/Small Speculators): Small individual traders, typically less informed.
Features
----------
- Open Interest Adjustment
- The net positions for each category are normalized by Open Interest to account
for varying contract sizes.
- Customisable Look-back Period
- You can adjust the number of weeks for the index calculation to control the
historical range used for comparison.
- Thresholds for Extremes
- Upper and lower thresholds (configurable) are provided to mark overbought and
oversold conditions.
- Defaults
- Overbought: <=20
- Oversold: >= 80
- Hide Current Week Option
- Optionally hide the current week's data until market close for more accurate comparison.
- Visual Aids
- Plot the Commercials, Large Speculators, and Retail indexes, and optionally highlight extreme positioning.
Inputs
--------
- weeks
- Number of weeks for historical range comparison.
- upperExtreme and lowerExtreme
- Thresholds to identify overbought/oversold conditions (default 80/20).
- hideCurrentWeek
- Option to hide current week's data until market close.
- markExtremes
- Highlight extremes where any index crosses the upper or lower thresholds.
- Options to display or hide indexes for Commercials, Large Speculators, and Small Speculators.
Outputs
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- The script plots the COT Index for each of the three categories and highlights periods of extreme positioning with customisable thresholds.
Usage
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- This tool is useful for traders who want to track the positioning of different market participants over time.
- By identifying the extreme positions of Commercials, Large Speculators, and Retail traders, it can give insights into market sentiment and potential reversals.
- Reversals of trend can be confirmed with RSI Divergence (daily), for example
- Continuation can be confirmed with RSI overbought/oversold conditions (daily), and/or hidden RSI Hidden Divergence, for example
Buy the dips - sell the topsThis script is a merge of the RSI and the Williams %R.
I've observed that in strong uptrends, we go from RSI overbought to RSI overbought, but it hardly gets oversold. (the same in the opposite direction)
To find a better entry point, Williams %R is used to find oversold conditions in an uptrend or overbought in a downtrend.
=> When W%R returns from oversold/overbought to normal, a triangle will be plotted and this is the point of entry to add to your position. (there's an option to mark all candles in the overbought/oversold region, by default it is off)
=> When RSI goes from overbought back to normal it will tell you to buy the dip. In a downtrend it will tell you to sell the tops.
=> When the RSI gets oversold and the previous RSI was overbought, it will mark to exit the position
I did backtest this one with a risk to reward of 2 and exit when target is reached.
Trading EUR/USD on the daily would return 28% after 10 years of trading with a success ratio of 43%.
Trading BTC/USD on the daily would lose 12% after 7 years and a success rate of 28%.
Trading it this way is not the best idea ;-) 2 Interesting observations however:
- Once you get the entry right, in 80% of the cases, you do reach the next RSI oversold/overbought level. Keeping your position open until you reach that level can be an option to maximize profits.
- When a triangle is plotted and it is the low compared to the previous more or less 5 candles (same for the high), chances are high it will be taken out a few candles later, so don't take a trade yet.
Using classic technical analysis might improve more your entry and exit positions.
Feel free to comment your best strategy using this indicator ;-)
Happy trading!
All TimeFrame OscillatorsI have always fighted to understand the market direction because it looks different on different timeframes.
I wanted an indicator where I can see all the different timeframes at once.
This indicator shows already existing oscillators but not only in the current chart's timeframe, but all the most important higer timeframes at once.
I have started with the stoch, then added as many oscillators as I could.
Experimenting with this I have saw that confluence of 4H 1D and 1W Stoch can be very interesting and can highlight higher timeframe take profit areas and sometimes major tops/bottoms.
Also bounces can be interesting when a lower timeframe stoch is bounced or rejected from a higher one.
Oscillators:
Stoch - Stochastic Oscillator
SMI - Stochastic Momentum Index
Rsi - Relative Strength Index
StochRsi - Stochastic RSI
WaveTrend - Vumanchu alias Market Cypher Wave Trend line
CCI - Commodity Channel Index
CCIStoch - Stochastic CCI
Williams Percent Range - Williams %R
Norm. MACD - Normalized Moving Average Convergence Divergence
Norm. MACD Hist - Normalized MACD Histogramm
PVT - Normalized Price Volume Trend
MFI - Money Flow Index
CMF - Chaikin Money Flow
Chande Momentum - Chande Momentum
Volume - Normalized Volume
CandleValue - Vumanchu alias Market Cypher MoneyFlow
BBWP - Bollinger Band Width Percentile
Line Type
Smooth: lines are smoothed, but the actualy not closed values are not shown
Step: Step lines, the actually open timeframes are calculated as they closed at the current values
Plot Oscillator or it's Slope:
its possible to not plot the oscillator but it's slope
Print dots when:
Cross Up/Down oversold/overbougt level - best for most oscillators. for example when Stoch crosses above 20 or below 80
Cross os/ob and the one higher TF is about to cross - when it's crosses beolw 80 and the higher timeframe oscillator is still above ans sloping down
Cross above/below middle line - for example on RSI being above or below 50 can be interesting
Print triangles when:
All Slope Match - all visible timeframe lines are pointing up or down at the same time
All above/belove middle line - all visible lines are above or belove the middle line
All above/belove middle line and slope match - like the previous one and the slope direction is the same
All above/below oversold/overbougt - all lines are above or below os/ ob. this is the default. it can be a very important confluence
Lower TF in order - 5, 15, 30, 60 minute timeframes are in order.
Higher TF in order - 4H 1D 1W in order (like 4H above 1D abd 1D above 1W). can be interesting at RSI
4H-1D in order - 4H 1D in order .
Print triangles
Print all triangles - print all triangles when the condition is met
Print only first triangles - only show when the condition starts to met
Print only last triangles - small triangles when the condition met first, large when last. tis is the default.
Timeframes to show:
You can turn on/off different timeframs to show or not from the list below:
1m 5m 15m 30m 1H 4H D 5D W M
This is for experimenting/ understanding the market direction on multiple timeframes at once.
Don't take it's signals (and any other indicator's) as exact trade signals. use it as confirmation instead.
Any comments, insights, ideas are welcome.
9.x IndexENGLISH
The 9-period exponential moving average setups are simple and efficient for upward or downward trends. Its creation is attributed to trader Larry Williams . In Brazil it is widely publicized by trader Alexandre Fernandes (Palex).
This indicator was created to show the setup that appeared in each candle and an arrow shows the direction that the operation must be made (up arrow, long, and down arrow, short).
Below are the rules that describe each setup.
9.1 Long
1) MME9 is descending;
2) The candle that changes the direction of the average upwards, after its closing, activates the setup, if its maximum is broken, the purchase is activated;
3) The stop loss is positioned below the candle low in step 2.
9.1 Short
1) MME9 is rising;
2) The candle that changes the direction of the average downwards, after its closing, activates the setup, if its minimum is lost the sale is activated;
3) The stop loss is positioned above the candle maximum in step 2.
9.2 Long
1) MME9 is rising;
2) The current candle must close below the minimum of the previous candle, if its maximum is broken, the purchase is activated;
4) If the maximum of the candle in step 2 is not broken, the purchase will occur when the maximum of the next candle is broken;
5) The stop loss is positioned below the minimum of the candle in step 2 or step 3.
9.2 Short
1) MME9 is descending;
2) The current candle must close above the maximum of the previous candle, if its minimum is lost the sale is activated;
4) If the minimum of the candle in step 2 is not lost, the sale will occur when the minimum of the next candle breaks;
5) The stop loss is positioned above the maximum of the candle in step 2 or step 3.
9.3 Long
1) MME9 is rising;
2) A reference candle must be followed by two closings in a row below its closing, the purchase occurs when the maximum of the last candle breaks;
3) If the last high is not broken, the purchase occurs when the maximum of the next candle breaks;
4) The stop loss is positioned below the minimum of the candle in step 2 or step 3;
9.3 Short
1) MME9 is descending;
2) A reference candle must be followed by two closings in a row above its closing, the sale occurs when the minimum of the last candle breaks;
3) If the last low is not broken, the sale occurs when the minimum of the next candle breaks;
4) The stop loss is positioned above the candle maximum of step 2 or step 3;
9.4 Long
1) A candle generates a 9.1 short;
2) The next candle should generate a 9.1 long without losing the minimum of the previous candle, the purchase occurs when the maximum is broken;
3) The stop loss is positioned at the low of the candle in step 2.
Setup 9.4 for sale
1) A candle generates a 9.1 long;
2) The next candle should generate a 9.1 short without losing the maximum of the previous candle, the sale occurs at the loss of its minimum;
3) The stop loss is positioned at the maximum of the candle in step 2.
PORTUGUÊS
Os setups da média móvel exponencial de 9 períodos são simples e eficientes em ativos em tendência de alta ou de baixa. Sua criação é atribuída ao trader Larry Williams . No Brasil é amplamente divulgado pelo trader Alexandre Fernandes (Palex).
Esse indicador foi criado para mostrar o setup que surgiu em cada candle e uma seta mostra a direção que deve ser feita operação (seta para cima, compra, e seta para baixo, venda).
Abaixo temos as regras que descreve cada setup.
Setup 9.1 de compra
1) A MME9 está descendente;
2) O candle que mudar a direção da média para cima, após o seu fechamento, ativa o setup, se sua máxima for rompida é ativada a compra;
3) O stop loss é posicionado abaixo da mínima do candle do passo 2.
Setup 9.1 de venda
1) A MME9 está ascendente;
2) O candle que mudar a direção da média para baixo, após o seu fechamento, ativa o setup, se sua mínima for perdida é ativada a venda;
3) O stop loss é posicionado acima da máxima do candle do passo 2.
Setup 9.2 de compra
1) A MME9 está ascendente;
2) O candle atual deve fechar abaixo da mínima do candle anterior, se sua máxima for rompida é ativada a compra;
4) Caso a máxima do candle do passo 2 não seja rompida, a compra o ocorrerá no rompimento da máxima do candle seguinte;
5) O stop loss é posicionado abaixo da mínima do candle do passo 2 ou do passo 3.
Setup 9.2 de venda
1) A MME9 está descendente;
2) O candle atual deve fechar acima da máxima do candle anterior, se sua mínima for perdida é ativada a venda;
4) Caso a mínima do candle do passo 2 não seja perdida, a venda ocorrerá no rompimento da mínima do candle seguinte;
5) O stop loss é posicionado na acima da máxima do candle do passo 2 ou do passo 3.
Setup 9.3 de compra
1) A MME9 está ascendente;
2) Um candle de referência deve seguido por dois fechamentos seguidos abaixo do seu fechamento, a compra ocorre no rompimento da máxima do último candle;
3) Se a última máxima não for rompida, a compra ocorre no rompimento da máxima do candle seguinte;
4) O stop loss é posicionado abaixo da mínima do candle do passo 2 ou do passo 3;
Setup 9.3 de venda
1) A MME9 está descendente;
2) Um candle de referência deve seguido por dois fechamentos seguidos acima do seu fechamento, a venda ocorre no rompimento da mínima do último candle;
3) Se a última mínima não for rompida, a venda ocorre no rompimento da mínima do candle seguinte;
4) O stop loss é posicionado acima da máxima do candle do passo 2 ou do passo 3;
Setup 9.4 de compra
1) Um candle gera um 9.1 de venda;
2) O candle seguinte deve gerar um 9.1 de compra sem perder a mínima do candle anterior, a compra ocorre no rompimento da sua máxima;
3) O stop loss é posicionado na mínima do candle do passo 2.
Setup 9.4 de venda
1) Um candle gerar um 9.1 de compra;
2) O candle seguinte deve gerar um 9.1 de venda sem perder a máxima do candle anterior, a venda ocorre na perda da sua mínima;
3) O stop loss é posicionado a máxima do candle do passo 2.
CM_Williams AD+SMA_V1_PublicI posted this code a long time ago and forgot to add to PineScript Library.
Plots Williams Accumulation Distribution, Williams AD With Optional SMA as a Filter.
In Inputs Tab:
Ability to Turn On/Off SMA Filter.
Ability to change any of the plots to Change Colors Based on Being Above or Below the SMA Filter.
Also Ability to Turn Off Color Change Based on SMA Filter.
