Bill Williams Base Line

Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.

Moderator: admin

Bill Williams Base Line

Postby Apprentice » Sun Sep 18, 2016 4:10 pm

EURUSD m1 (09-20-2016 1542).png

The idea of the fifth dimension:
•Buyers are weaker on the "b" bar in comparison to the "a" bar. It proves that the "b" bar's high is lower than the "a" bar's high.
•Why are sellers stronger on the "b" bar? The reason for this is that new information came to the market (on the picture it is shown as a dashed square) and changed the balance.
•If buyers become stronger and raise the market (refer to the "c" bar) to the "a" bar's high, this means that the market balance is changing and it may be a first signal to make a deal within the fifth dimension.
Bar "b" is the base bar:
•Base bar for a signal to buy is the most recent bar whose high is lower than the preceding bar's high ("b" bar in the figure above). It may be the current bar; for example, "b" bar when there is no "c" bar yet.
•Base bar for a signal to sell is the most recent bar whose low is higher than the preceding bar's low (it may be the current bar).
Bill Williams Base Line.lua
(3.9 KiB) Downloaded 634 times


EURUSD m5 (09-20-2016 2040).png

Bill Williams 5th Dimension.lua
(8.5 KiB) Downloaded 614 times


Materials on this is a bit sketchy.
I will appreciate any help.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Bill Williams Base Line

Postby Apprentice » Tue Sep 20, 2016 2:28 pm

Bill Williams 5th Dimension.lua Added.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Bill Williams Base Line

Postby Apprentice » Mon Aug 28, 2017 3:39 am

The indicator was revised and updated.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Bill Williams Base Line

Postby mayk01 » Wed Nov 15, 2017 5:10 am

Hi,
I do not exactly understand the function of the two lines. Min or max driving probability in 5 th dimension ?


Regards,
Mayk
mayk01
 
Posts: 28
Joined: Tue Nov 14, 2017 3:38 pm

Re: Bill Williams Base Line

Postby Apprentice » Mon May 07, 2018 12:32 pm

The Indicator was revised and updated.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia


Return to Custom Indicators

Who is online

Users browsing this forum: Baidu [Spider], Bing [Bot], Google [Bot] and 35 guests