First part of this picture is an accurate Alligator indicator based on the mid price and smoothed as Bill Williams specifies. This Alligator is also projected into the future as Williams prefers. We have discussed earlier about Alligator Trading system earlier, please see our previous post to know about alligator system.
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| Alligator and Bull vs Bear Indicator |
The second part of the picture is a Bull vs Bear volume indicators.
The green bars indicates Bull volumes and red bars indicates bear volumes.when the green bars crosses red bars upwards indicates buy signal, when the green bars crosses red bars downwards indicates a sell signal. please see the red circles in the above pictures for reference.
(provides a more easily visible display of rising and falling bull/bear
volume convergence) – toggle via parameter window
-posiitive Volume exceeding negative Volume: Light shadow
-negative volume exceeding positive volume: dark shadow
-if you use standard gray background – best shadows are:
-my greys: 14 = (216, 216, 216); 15 = (168, 168, 168));
-best substitute? using AB color constants?
-light: colorpalegreen; dark: colorRose;?
-(depends on your color scheme – customize to your tastes)
AFL: Download the Alligator Indicator , Bull vs Bear Volume Indicator Afl's (to download click on afl name) (download this afl file, unzip and paste it in custom folder under Formals in AmiBroker)
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