Bill Williams indicators (each separately) are simple and quite self-sufficient, however, are most often used together. The key ones (Alligator and Fractals) are freely available and everyone can use them, but why use them on the chart separately, when "together more fun", and not conceivable, in my opinion, they are one without the other. So, I present "split/copypasta" of two key indicators of Bill Williams, plus (as a bonus) visualization of "Support/Resistance" levels (and in fact, lines from extremes or the same fractals). As a result, before you indicator "three-in-one".
Notes de version
⋅
Reworked the fractal code according to the original
Notes de version
⋅
change only preview
Notes de version
⋅
Sorry for spam, just I wanted to make a nice preview.
Notes de version
⋅
Мigration to pine-script version 3. Added icons to the control panel.
Do you want me to add a trend highlighting feature?
The bottom line is this: when the alligator lines are arranged in order (in Williams 'terms, " alligator is hunting"), the background is highlighted green or red depending on the direction of the trend. When the lines somehow intersect with each other ("the alligator is asleep") - the background is orange.
Now the rating counter shows about 2.5 thousand. If this comment gets more than 10% of the number of ratings, I will add this feature.
It will look like this:
s3.tradingview.com/snapshots/7/7aZ1GQel.png
kanchan.asnani2010
⋅
@vlkvr, yes that would be a very nice and clean feature to add
R3A
⋅
@vlkvr, I love your indicator. Could you please also add option to change the MA method (SMMA, EMA, WMA)?
consistentHero77144
⋅
@vlkvr, Absolutely. its a grt work you hve done and this will add more stars to it. cheers
CoincheffOfficial
⋅
@vlkvr, great u didn't add the background color change
This is such a clean and useful indicator. I use it mainly for the fractals and S/R lines and just hide the alligator lines. Thank you!
eli9875
⋅
Hi Vlkvr, nice indicator thank you for making it! Questions: Do you know what the Period field is supposed to represent? And, the Res-Sup Length?
vlkvr
⋅
@eli9875, The "period" value is used for calculation in the "Fractal" indicator. Affects the number of candles taken into calculation (in the code, in general, you can see how it works). Res-Sup length is, again, the number of candles taken into account when calculating the "Support/Resistance" indicator.
ftrplt
⋅
Thank you for your work on Dr Williams indicators. I attended his training class held in Mobile, AL in 1995. Very nice! Thank you!
The bottom line is this: when the alligator lines are arranged in order (in Williams 'terms, " alligator is hunting"), the background is highlighted green or red depending on the direction of the trend. When the lines somehow intersect with each other ("the alligator is asleep") - the background is orange.
Now the rating counter shows about 2.5 thousand. If this comment gets more than 10% of the number of ratings, I will add this feature.
It will look like this:
s3.tradingview.com/snapshots/7/7aZ1GQel.png