Based on alexpunct's work.
I simply added a second Willy plot and EMA which allows you to plot Willy and its EMA for a second time frame on the same chart.
The idea is that you will only enter a trade if there is confluence on the two time frames i.e. Willy is stupidly oversold/overbought on both the 4h and 12h or 1h and 4h time frames.
I will be testing this...
Updated version of the previously published multi-indicator which includes
4x Moving Averages
2x Ichimoku Clouds
Bill Williams Fractals
-Toggle switches for each indicator on input tab for easy on/off
-MA Type Selector (EMA/SMA/WMA/VWMA)
-Various default style change
Many thanks to both redwraith and jedireza for helping me work out the MA...
Accumulation is a term used to describe a market controlled by buyers;
whereas distribution is defined by a market controlled by sellers.
Williams recommends trading this indicator based on divergences:
Distribution of the security is indicated when the security is making
a new high and the A/D indicator is failing to make a new high. Sell.