Bill Williams indicators are simple and quite self-sufficient, however, are most often used together. An Indicator based on the William Alligator, helping to find suitable entry and exit points. There is another trading system similiar to alligator system take a look below. Investments in securities market are subject to market risk, read all the related documents carefully before investing. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Using the above cases we are trying to point to the fact that position detail can be used effectively to check if certain positions are taken or not taken. Based on the same you get granular logical control over the positions being taken by your strategy at every point. In the example share above, the system will trigger and exit when the PNL of all HDFCBANK instruments are greater than or equal to 500. This keyword will help you fetch the Open, High, Low, Close or Volume of any particular timeframe. It is important to execute the ORB keyword only after the mentioned time has passed.

A bearish crossover occurs when the shorter moving average crosses below the longer moving average. A bullish crossover occurs when the shorter moving average crosses above the longer moving average. Williams %R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The keyword shared above will return the VWAP for the current tick of NIFTY futures. To fetch the data for a particular time frame based on the selected instrument.

Awesome Oscillator

This indicators not suitable for leverage trading in futures market. EneX signal consider several indicators and has entry and exit rules. EneX signal is suitable for investors who believe in trend following strategy . Scalping is defined as a style of trading in which traders attempt to book profits off small changes in prices, typically after executing a trade and becoming profitable. Such traders generally trade with a strict, pre-planned exit strategy since a single massive loss can most likely eliminate their many small gains, obtained with hard work. The Alligator indicator, designed by Bill Williams, is certainly very different from the other indicators used by forex traders around the globe.

Renko closed keyword skips ongoing candle for Renko OHLC formation thus the same can be used to avoid the repainting issue on Renko bricks. This keyword will allow the brick size to be maintained as a fixed value. In order to modify the same value, click on ‘Renko’ and select the number which you need to keep a the brick size.

• This keyword will return the Implied Volatility of the ATM option for the selected underlying instrument.
• With the conclusion of the market trend, the lines come together.
• Let us take the USDJPY pair and see what the chart analysis of the pair using the Williams Alligator and CCI will reveal as a viable Williams Alligator strategy.
• You can play with the setting, increasing/decreasing the time period and the shift for higher accuracy .

The above condition is checking if the LTP of Nifty Bank is between the Previous day(-1) upper and middle Keltner Channels. Once you select an exchange you get the flexibility to select an instrument for the same too. Here you can either select one instrument or a list of instruments. If you are selecting an equity instrument, these are the only two field that need to be filled and the other fields will automatically get disabled for you.

Positions Detail

The Parabolic Stop and Reverse or SAR indicator is another excellent indicator that shows traders a price action trend. The SAR scalping indicator displays chart points below the price during an upward trend. Conversely, the indicator displays chart positions above the price during a downward trend, signaling traders that prices are retracting. The SAR indicator helps traders determine an asset’s future, short-term momentum and assists in understanding when and where to place a stop-loss order.

This keyword will return the latest entry price of the instrument selected. This keyword is a technical indicator that measures both the strength and direction of a price movement and is intended to reduce false signals. The use of Alligator is based on the premise that any financial market is trending 15% to 30% of the time and for the remaining 70% to 85% it is demonstrating sideways movements. The Alligator indicator is good at pointing to the periods of high market volatility and can, therefore, help you determine optimal entry and exit points. The indicator will flash false positives when the three lines are crisscrossing each other repeatedly, due to choppy market conditions.

How to Trade in Quotex Hindi

If you are selecting an Index like Nifty 50 or Nifty Bank you can do so by selecting NFO, and then the respective index. The ADX makes use of a positive (+DI) and negative (-DI) directional indicator in addition to the trendline. Cross keyword is used to find if there has been a crossover in the previous candles. This is not the only way to apply the Alligator to trading, as the indicator canpinpoint trend reversal points.

The https://1investing.in/ helps the trader stay in the position for a longer period and works best the longer the period of sleep. It must be remembered though that the Bill Williams Alligator is a lagging indicator. Lagging indicators follow the price action and are therefore known as trend-following indicators.

Tips for using the indicator for trading

The RSI provides technical traders with signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset’s price. However if I modify the filter to check for only entries and sell type transactions, the position detail keyword will return 0. This is because even though there is an entry here, there is no Sell in the strategy thus fetching 0. This keyword will return profit/loss of the strategy for that counter for only the instrument that has been selected here. Line number two checks the difference between the values of the max profit and the PNL of the strategy.

This keyword will fetch the maximum loss achieved by the strategy during one run counter of the same. Max loss is a strategy level keyword and will take into account the total realized and unrealized loss of all positions taken. Max loss should ideally be multiplied with the multiplier as shown in the image below in the Universal exit of a strategy.

Here the brick size will be a variable fetched from the value of ATR of the current candle of Nifty 50 spot on 5 min timeframe. Position detail count will return 5 as 5 unique instruments have been traded. Even if LT from that list entered, exited 3 times, Position detail Count will still return 5 as unique instruments are only 5. Count function will give the output of no. of times unique instruments have been traded. Suppose set 2 enters then position detail will return -100 as it is CE and PE sell each 1 lot so net quantity is -100. Now after some time set exit happens and positions are squared off then the net quantity becomes 0.

Checking if the site connection is secure

It works best when markets are demonstrating steady trends. Yet another popular indicator used by traders is the Moving Average Convergence Divergence or MACD indicator. The MACD helps in understanding momentum and to follow and capture trends. Mainly, the MACD indicator displays the relationship between two moving averages of a security’s price. This keyword is nested within most series or technical indicators. In order to OHLC sum, you need to select position keyword and then select the series/indictor for which you need to find the spread between the two instruments.

Although it seems a bit complex, traders consider the Stochastic Oscillator indicator as one of the most reliable tools for buying and selling indications. The keyword shared above will check for a condition when the close crosses above the Supertrend of Nifty 50 on the daily candle. When this crossover happens on the upside, the Tradetron What is the going concern precept engine will check for the high value of the candle during which the same crossover happened. Since the high value is captured for the signal candle, you can now compare it with any other values using logical operations. This keyword will return a numerical value of the total open interest of an option type at that instant.

Traders must understand that none of the trading tools are accurate. Hence, they must use multiple technical indicators and tools along with the Alligator indicator to identify the trends and market momentum. Typically, forex traders must use different methodologies for checking whether their preferred indicator is capable of confirming the trading signals or not. This will help them in ignoring the false trading signals during the phase when the alligator is sleeping. Alternatively, traders can also use the momentum based indicator for identifying the momentum or price divergence for confirming the accuracy of the signal. The trend’s direction can be identified as and when there is a movement in the balance lines.