Login / Register
Add a review
Log in
Sign UP

According to the trading strategy of B. Williams, described in the book “Trading Chaos 2”, the indicator displays prices on the chart:

1. Bearish and bullish reversal bars:

  • The bearish reversal bar is colored red or pink (red is a stronger signal).
  • The bullish reversal bar is colored blue or light blue (blue is a stronger signal).

2. The “Angulation” formation with an estimate of the divergence rate.

3. The level of the pending order setting (displayed as a dotted line).

Angulation is formed by the divergence of two lines:

  • Price line. Runs along the edges of the bars. The lower edges of the bars in the upward movement and the upper edges of the bars in the downward movement.
  • Balance line. It runs along the Alligator’s jaw (blue line).

The formation is formed after the reversal bar is formed outside the Alligator’s mouth.

The greater the angle of divergence between the price line and the balance line, the better the Angulation. In this version, instead of measuring the angle, the rate of divergence is calculated. The greater the rate of divergence of the price line and the balance line, the better the Angulation. The rate of divergence is measured in points / per 1 bar or in points / hour.

[spoiler title=”

The divergence rate is displayed next to the reversal bar. In the settings, there is a filter for the minimum divergence rate. As well as selecting the displayed unit of measurement.

It is possible to choose one of two algorithms for building a balance line:

Simple-the line is drawn from the intersection bar to the point corresponding to the reversal bar (shifted 8 bars forward).

Advanced-the algorithm takes into account the duration of the formed Angulation. When the limit value is reached, the balance line is constructed in such a way that the probability of false Angulation in parallel price movement is minimal.

Startup Settings:

  • Max Bars – the number of bars calculated on the chart;
  • Set Divergent Bar – settings for reversal bars;
  • Show Divergent Bar-display reversal bars for which no Angulation was formed;
  • Divergent Bar Alert – use an alert for reversal bars;
  • Set Angulation – settings for Angulation;
  • Angulation Alert – use an alert for Angulation;
  • Comments for missed Divergent Bars-comment on the reason why an Angulation was not formed to the pivot bar;
  • Check Awesome Oscillator-check the value of the histogram of the Awesome Oscillator indicator according to the strategy of B. Williams;
  • Min duration of Angulation – the set minimum duration of the formation (possible minimum = 2);
  • Max duration of Angulation – the set maximum duration of the formation;
  • Type of Algorithm – the type of algorithm used to build the balance line;
  • Start checking parallel motion-the boundary value of the formation duration only for the Advanced algorithm (see the description);
  • Show Speed Differences-display the speed of divergence;
  • Show Speed in-select the unit of measurement for the divergence rate pips/bar or pips/h;
  • Min Speed-Minimum divergence rate filter;
  • Font Size – the font size for displaying the rate of divergence;
  • Set Line Color-settings for the color and style of the price and balance line;
  • Price Line Color – the color of the price line;
  • Balance Line Color – the color of the balance line;
  • Style Line – line style;
  • Width Line – the thickness of the lines;
  • Set Alligator-Alligator indicator parameter settings;
  • Jaw Period – the period for the jaw;
  • Jaw Shift – shift for the jaw;
  • Teeth Period – period for teeth;
  • Teeth Shift – shift for teeth;
  • Lips Period-Lip period;
  • Lips Shift – lip shift;
  • MA Method – Averaging method;
  • Applied Price – price type;
  • Set Order Level – settings for displaying the level of a pending order;
  • Show Order Lever-display the level for placing a pending order (the level is set without taking into account the spread);
  • Indent Level – indent of the order level from the reversal bar (in points);
  • Buy Stop Order Level-color of the “Buy Stop Order” level line”;
  • Sell Stop Order Level-color of the “Sell Stop Order” level line”;
  • Style Line – line style;
  • Width Line – the thickness of the lines.

It is recommended to use it on H4 and more timeframes.


Add review
Reviews ( 0 ):