Wise Men Indicator demo
Indicator displays the graph signals according Bill Williams strategy.
The demo version of the indicator has the same features as the paid, except that it can only work on a demo account.
- Signal “Origin sage” is formed when there is a reversal bar angulation. The bullish reversal bar – which has a lower low and the closing price of the top half. Bearish reversal bar – higher high and the closing price at the bottom half. Angulation formed when all three lines Alligator intertwined, but the price is substantially gone up (or down). Deystvitelnіy reversal bar indicator corresponds indications AO (Awesome Oscillator).
- Signal “second sage” – shows where you need to increase the position if the graph continues the momentum in our chosen direction.
- Signal “blue light special” – shows an entry point into the market at a better price than at the moment of signal.
- Signal “A third sage” – is the third entry point into the market according to the Bill Williams strategy. When the price moves in the direction of the trend fractal breakthrough is an important signal. Formed and implemented only after the first two “wise men”.
- Signal “Fractal breakthrough” – a fractal signal, which is formed outside the Alligator’s mouth. Perhaps the first signal to enter the market.
- Indicator displays on the graph line angulation (if any) when a reversal bar that allows you to visually determine the degree of divergence of prices and the Alligator lines.
Filtering topping bars on fractals allows you to find a neat entry point. the corresponding switch is provided in the settings.
- The number “1” in a circle of green – a bullish reversal bar (in red circle – a bearish reversal bar);
- The number “2” in a circle of green – signal “Second sage” to buy (in red circle – a signal to sell);
- Square green – signal “blue light special” to buy (red – for sale);
- The number “3” in a circle of green – signal “third wise man” to buy (also signal “Fractal breakthrough”) (in red circle – a sell signal).
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