OPEN-SOURCE SCRIPT
Bill Williams System
Bill Williams System combine all indicators of Mr. Bill Williams into one window with detail below:
1. Top of window:
Display Fractals with shape triangle down is bottom fractal and shape triangle up is top fractal
2. Bottom of window:
Display Alligator Trend Flat with trend defined as below:
* Up trend: Lips value shift 3 bars greater than Teeth value shift 5 bars. And Teeth value shift 5 bars greater than Jaws value shift 8 bars. By default up trend is green square.
* Down trend: Lips value shift 3 bars less than Teeth value shift 5 bars. And Teeth value shift 5 bars less than Jaws value shift 8 bars. By default down trend is red square.
* Choppy: not up trend and not down trend. By default choppy is gray square.
3. Moving around zero line
* Awesome Oscillator is circles.
* Accelerator Oscillator is columns.
* Gator Oscillator is area.
1. Top of window:
Display Fractals with shape triangle down is bottom fractal and shape triangle up is top fractal
2. Bottom of window:
Display Alligator Trend Flat with trend defined as below:
* Up trend: Lips value shift 3 bars greater than Teeth value shift 5 bars. And Teeth value shift 5 bars greater than Jaws value shift 8 bars. By default up trend is green square.
* Down trend: Lips value shift 3 bars less than Teeth value shift 5 bars. And Teeth value shift 5 bars less than Jaws value shift 8 bars. By default down trend is red square.
* Choppy: not up trend and not down trend. By default choppy is gray square.
3. Moving around zero line
* Awesome Oscillator is circles.
* Accelerator Oscillator is columns.
* Gator Oscillator is area.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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