This is a revision of a script developed by tekolo. I hope tekolo takes a look. The concepts are here but I struggle with pine. I am very much a novice, but I tried to put information from the original book, Trading Chaos, Volume
One by Bill Williams
. There are too many plots to get this to wor
. I made a lot of plot lines into comments to get it to run. I'm hoping someone with an interest in this material and some programming skills will be kind enough to take these thoughts and put them in a script that the Pine Editor would actually run. Thanks for taking a look. I do believe in these leading indicators. This is information included for Novice Level Trading in the Bill Williams
book. There are more indicators developed in his material, but the jest is that Price is an end result of the marketplace. Market participation ( Volume
), Market Bias (Momentum), Increased Participation and Bias (Acceleration) all preceed the formation of the Trend. This along with Elliott Wave
interpretation using his indicators as a basis for locating key points of the Elliott Wave
, are most of what I understand about this interesting man's work. Again, I am a novice at all of this, but the leading indicators that result in price seem interesting. Thanks!