Bill Williams Indicators
Short SNOW below 231.52 as per down fractal.SNOW has been wandering around a closed daily mouth since early March. Weekly is right on the balance line.
Down fractal of 231.52 is both the last fractal in the daily and weekly chart. If triggered, it would be valid both in the daily and weekly, with some energy for a run.
The trade will only be entered if the price goes below 231.52. If it does, we join the direction of the market.
NYSE:SNOW
Let the market chooseIn order to destroy this chaos, the effective signal of selling must close above the black line, otherwise it will open a long-term bear market. This week is the time to choose the direction of bull and bear. Incidentally, the weekly cloud chart crossed for the second time. It closed below the black line this week, and there is absolutely no way to stop falling near the early low of $21.
LongToday, I went through the main trading varieties, and they are all inclined to shock. It seems that there is a market in gbpnzd and audnzd. NZD seems to be opposite to other varieties, so we can try to do more xxnzd. As shown by the blue line, audnzd breaks through the effective upper fractal and takes a long step back.
Crypto Crocodile THIS IS MY FIRST IDEA, CONSTRUCTIVE FEEDBACK IS IMMENSELY APPRECIATED This is a simple combination of 4 indicators (MACD + SMA50 + SMA200 + WILLIAMS ALLIGATOR) that I use in combination with the hCrypto Fear and Greed index to predict the long term sentiment of the market in relation to BTC. I call this model the "crocodile" in reference to the Bill Williams Alligator model. Using divergence in MACD, SMA cross patterns, and alligator movement has worked for me (so far) to see long term trends and look past the short term price action caused by FOMO and panic selling. I may not even be the first person to use this indicator combination due to the simplicity of it, but in combination with the fear and greed index it can be a powerful tool for traders to see the difference between a long term downward trend and a near term panic dump. I am currently trying to update the model by adding data from the Fear & Greed Index to my chart, but this idea is still in its infancy. I call it the "crypto super croc". Please let me know your thoughts on this as well. Trading view does not allow new publishers to post external links, but a quick google search for " BTC FEAR AND GREED" will lead you to the data I am referencing. I am also including the address for you to copy/paste below. LMK what you think, even if you think this is garbage. I appreciate all feedback.
I am new to this platform and this is my first published idea, so please let me know what I can do better to express my ideas. Thanks!
<> alternative.me/crypto/fear-and-greed-index <>
ShortWith the combination of strength index cloud belt and pivot point, today's EURUSD market is OK. The chaotic system also shows that the crocodile line breaks through the red line in one hour and breaks through the blue line after rebounding. Left trading can enter at the black line, break through the blue line and add positions. There are 2 pivot points in the target day.
LongWhen the signal of chaotic breakout appears in EURUSD distance, only the black effective breakout of closing price is left. Once the breakout occurs, it will lead to the establishment of 4H end deviation, and the establishment of 4H end deviation will lead to the establishment of daily end deviation. A two-month rise condition is reached. In the future, we only need to track the cloud belt, and buy near the cloud belt.
Short SNOW below 184.71 as per down fractal.SNOW has been wandering around a closed daily mouth since early March. Weekly is still below the balance line.
Down fractal of 184.71 is both the last fractal in the daily and weekly chart. If triggered, it would be valid both in the daily and weekly, with some energy for a run.
The trade will only be entered if the price goes below 184.71. If it does, we join the direction of the market.
NYSE:SNOW
Awesome Oscillator From ScratchHi, traders!
Today we’ll speak about one of the most pretty and easy-to-interpret oscillator - Awesome oscillator.The Awesome Oscillator Indicator (AO) is a technical analysis indicator created by Bill Williams as a tool to determine whether bullish or bearish forces dominate the market. It measures the market momentum with the aim to detect potential trend direction or trend reversals. The market momentum is evaluated using a combination of a shorter time frame and longer time frame simple moving averages or stated differently, it considers the recent momentum in comparison with a higher frame momentum.
The Awesome Oscillator is calculated as the difference between the newest 5 periods (bars) simple moving average (SMA) and the 34 bars simple moving average. But instead of the closing price, the indicator uses the bar midpoint value.
The indicator is plotted as a histogram in a box at the bottom of the chart and the histogram bars are found in either of the two colors red or green (with some trading platforms the lines can be red or blue). When the midpoint value of the last price is higher than the previous bar midpoint, the histogram will be green (blue) and if the midpoint of the last bar is lower compared to the previous bar, it will be red.
How to use Awesome Oscillator?
There are a variety of strategies which could be used by traders to identify potential trading opportunities. Some of the well-known and basic trading setups are the zero-line and divergence.
Awesome Oscillator and zero-line crossovers
The basic alerts which are generated by the Awesome Oscillator are identified on the basis of the zero-line cross overs.
* A bullish buying opportunity alerts occur when the AO indicator crosses above the zero-line, indicating that the short-term momentum is increasing faster compared to the long term.
* A sell opportunity is detected when the indicator crosses below the zero-line mark displaying that the short-term momentum decreases more rapidly than the long-term.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
How To Tame A Reptile or Williams Alligator From ScratchHi, traders!
Have you ever heard about Alligator? Not from Australia or America but Williams Alligator. Both Australian reptile and Williams ‘pet’ have some common – they all have Jaw, Teeth, and Lips. So what is Williams Alligator?
As you know, you can get maximum profit during trend markets. You gonna enter to longs or shorts, to take some profit. It’s obvious that trading on choppy (sideways) market can be very dangerous for your funds. Thus, there’s the reasonable question, are you sure that the market has trend. Genius trader Bill Williams was concerned about the problem. That’s why he invented such pretty tool to define if market is trendy or choppy. It’s the first Alligator that’ll help you to earn money, but not spend them in boutiques.
So, let’s speak about technical part. The Alligator indicator uses three smoothed moving averages(calculated with a simple moving average), set at 5, 8, and 13 periods, which are all Fibonacci numbers. The initial smoothed average is calculated with a simple moving average (SMA), adding additional smoothed averages that slow down indicator turns.
The three moving averages comprise the Jaw, Teeth, and Lips of the Alligator, opening, and closing in reaction to evolving trends and trading ranges:
1. Jaw (blue line): Starts with the 13-bar SMMA and is smoothed by eight bars on subsequent values.
2. Teeth (red line): Starts with the eight-bar SMMA and is smoothed by five bars on subsequent values.
3. Lips (green line): Starts with the five-bar SMMA and smoothed by three bars on subsequent values.
The indicator applies convergence-divergence relationships to build trading signals, with the Jaw making the slowest turns and the Lips making the fastest turns. The Lips crossing down through the other lines signals a short sale opportunity while crossing upward signals a buying opportunity. Williams refers to the downward cross as the alligator "sleeping" and the upward cross as the alligator "awakening."
The three lines stretched apart and moving higher or lower denote trending periods in which long or short positions should be maintained and managed. This is referred to as the alligator "eating with mouth wide open." Indicator lines converging into narrow bands and shifting toward a horizontal direction denote periods in which the trend may be coming to an end, signaling the need for profit-taking and position realignment. This indicates the alligator is "sated."
The indicator will givefalse positives when the three lines are crisscrossing each other repeatedly, due to choppy market conditions. According to Williams, the alligator is "sleeping" at this time. Remain on the sidelines until it wakes up again. This exposes a significant drawback of the indicator because many awakening signals within large ranges will fail, triggering whipsaws.
How long will the USDCAD continue to move?The USDCAD pair has crossed the resistance level of 1.2201 and it can be said that the formation of the price floor at the rate of 1.2005 has been confirmed. The USDCAD has moved up from the support level of 1.2061-1848, and the short-term trend of the US dollar against the Canadian dollar is up to the resistance area of 1.2653-1.263. From the sellers' point of view, with the failure of the support of 1.2155, the short-term market trend will be neutralized.
Bearish tilt on this triangle...but wait there's more$BTC has to break one way or the other with this side chop getting way too tight. The tilt is bearish since the trend for many days has been downward. However!, a candle just opened in the cloud and I'll take anything as a bull sign. Targets are sized to ~match the target price and fit with 1.68 fib levels.
$SHOP more than just a COVID phenomenaGreat run from low of $1025 on May 13th. Don’t think this run is over, but $SHOP appears to be finding resistance at $1245 level.
Expecting more upside, but might be range bound between P and R1 pivots, near-term.
P= 1180, R1= 1290, approximately.
Pivots shown on this graph are Traditional, Weekly pivots. Dashed line = 100 day linear regression.
Also note correlation between 2021 movements (from peak and trough) with Williams %R below main chart.