PROTECTED SOURCE SCRIPT
AO and AC Zones (Bill Williams)
The colored Zones is the combination of the Awesome Oscillator (AO) and Accelerator Oscillator (AC) indicator by Bill Williams.
Blue and red zones
This zones allows you to trade more aggressively, you could also add to current positions
Gray zone
You should avoid those flat (or choppy) market and don't open new positions or add to your current ones
You could use this indicator also in combination with MACD.
Please always remember, there is no holy grail indicator!
- If both AO and AC bars are uptrending, the zone is blue
- If both AO and AC bars are downtrending, the zone is red
- If AO and AC have different colors, the zone is gray
Blue and red zones
This zones allows you to trade more aggressively, you could also add to current positions
Gray zone
You should avoid those flat (or choppy) market and don't open new positions or add to your current ones
You could use this indicator also in combination with MACD.
Please always remember, there is no holy grail indicator!
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.