Adjusted CoT IndexAdjusted COT Index
Improves upon: "COT Index Commercials vs large and small Speculators" by SystematicFutures
How: CoT Indexes are adjusted by Open Interest to normalise data over time, and threshold background colours are in-line with Larry Williams recommendations from his book.
Note: This indicator is **only** accurate on the Daily time-frame due to the mid-week release date for CoT data.
This script calculates and plots the Adjusted Commitment of Traders (COT) Index for Commercial, Large Speculator, and Retail (Small Speculator) categories.
The CoT Index is adjusted by Open Interest to normalise data through time, following the methodology of Larry Williams, providing insights into how these groups are positioned in the market with an arguably more historically accurate context.
COT Categories
-------------------
- Commercials (Producers/Hedgers): Large entities hedging against price changes in the underlying asset.
- Large Speculators (Non-commercials): Professional traders and funds speculating on price movements.
- Retail Traders (Nonreportable/Small Speculators): Small individual traders, typically less informed.
Features
----------
- Open Interest Adjustment
- The net positions for each category are normalized by Open Interest to account
for varying contract sizes.
- Customisable Look-back Period
- You can adjust the number of weeks for the index calculation to control the
historical range used for comparison.
- Thresholds for Extremes
- Upper and lower thresholds (configurable) are provided to mark overbought and
oversold conditions.
- Defaults
- Overbought: <=20
- Oversold: >= 80
- Hide Current Week Option
- Optionally hide the current week's data until market close for more accurate comparison.
- Visual Aids
- Plot the Commercials, Large Speculators, and Retail indexes, and optionally highlight extreme positioning.
Inputs
--------
- weeks
- Number of weeks for historical range comparison.
- upperExtreme and lowerExtreme
- Thresholds to identify overbought/oversold conditions (default 80/20).
- hideCurrentWeek
- Option to hide current week's data until market close.
- markExtremes
- Highlight extremes where any index crosses the upper or lower thresholds.
- Options to display or hide indexes for Commercials, Large Speculators, and Small Speculators.
Outputs
----------
- The script plots the COT Index for each of the three categories and highlights periods of extreme positioning with customisable thresholds.
Usage
-------
- This tool is useful for traders who want to track the positioning of different market participants over time.
- By identifying the extreme positions of Commercials, Large Speculators, and Retail traders, it can give insights into market sentiment and potential reversals.
- Reversals of trend can be confirmed with RSI Divergence (daily), for example
- Continuation can be confirmed with RSI overbought/oversold conditions (daily), and/or hidden RSI Hidden Divergence, for example
스크립트에서 "williams"에 대해 찾기
Buy the dips - sell the topsThis script is a merge of the RSI and the Williams %R.
I've observed that in strong uptrends, we go from RSI overbought to RSI overbought, but it hardly gets oversold. (the same in the opposite direction)
To find a better entry point, Williams %R is used to find oversold conditions in an uptrend or overbought in a downtrend.
=> When W%R returns from oversold/overbought to normal, a triangle will be plotted and this is the point of entry to add to your position. (there's an option to mark all candles in the overbought/oversold region, by default it is off)
=> When RSI goes from overbought back to normal it will tell you to buy the dip. In a downtrend it will tell you to sell the tops.
=> When the RSI gets oversold and the previous RSI was overbought, it will mark to exit the position
I did backtest this one with a risk to reward of 2 and exit when target is reached.
Trading EUR/USD on the daily would return 28% after 10 years of trading with a success ratio of 43%.
Trading BTC/USD on the daily would lose 12% after 7 years and a success rate of 28%.
Trading it this way is not the best idea ;-) 2 Interesting observations however:
- Once you get the entry right, in 80% of the cases, you do reach the next RSI oversold/overbought level. Keeping your position open until you reach that level can be an option to maximize profits.
- When a triangle is plotted and it is the low compared to the previous more or less 5 candles (same for the high), chances are high it will be taken out a few candles later, so don't take a trade yet.
Using classic technical analysis might improve more your entry and exit positions.
Feel free to comment your best strategy using this indicator ;-)
Happy trading!
All TimeFrame OscillatorsI have always fighted to understand the market direction because it looks different on different timeframes.
I wanted an indicator where I can see all the different timeframes at once.
This indicator shows already existing oscillators but not only in the current chart's timeframe, but all the most important higer timeframes at once.
I have started with the stoch, then added as many oscillators as I could.
Experimenting with this I have saw that confluence of 4H 1D and 1W Stoch can be very interesting and can highlight higher timeframe take profit areas and sometimes major tops/bottoms.
Also bounces can be interesting when a lower timeframe stoch is bounced or rejected from a higher one.
Oscillators:
Stoch - Stochastic Oscillator
SMI - Stochastic Momentum Index
Rsi - Relative Strength Index
StochRsi - Stochastic RSI
WaveTrend - Vumanchu alias Market Cypher Wave Trend line
CCI - Commodity Channel Index
CCIStoch - Stochastic CCI
Williams Percent Range - Williams %R
Norm. MACD - Normalized Moving Average Convergence Divergence
Norm. MACD Hist - Normalized MACD Histogramm
PVT - Normalized Price Volume Trend
MFI - Money Flow Index
CMF - Chaikin Money Flow
Chande Momentum - Chande Momentum
Volume - Normalized Volume
CandleValue - Vumanchu alias Market Cypher MoneyFlow
BBWP - Bollinger Band Width Percentile
Line Type
Smooth: lines are smoothed, but the actualy not closed values are not shown
Step: Step lines, the actually open timeframes are calculated as they closed at the current values
Plot Oscillator or it's Slope:
its possible to not plot the oscillator but it's slope
Print dots when:
Cross Up/Down oversold/overbougt level - best for most oscillators. for example when Stoch crosses above 20 or below 80
Cross os/ob and the one higher TF is about to cross - when it's crosses beolw 80 and the higher timeframe oscillator is still above ans sloping down
Cross above/below middle line - for example on RSI being above or below 50 can be interesting
Print triangles when:
All Slope Match - all visible timeframe lines are pointing up or down at the same time
All above/belove middle line - all visible lines are above or belove the middle line
All above/belove middle line and slope match - like the previous one and the slope direction is the same
All above/below oversold/overbougt - all lines are above or below os/ ob. this is the default. it can be a very important confluence
Lower TF in order - 5, 15, 30, 60 minute timeframes are in order.
Higher TF in order - 4H 1D 1W in order (like 4H above 1D abd 1D above 1W). can be interesting at RSI
4H-1D in order - 4H 1D in order .
Print triangles
Print all triangles - print all triangles when the condition is met
Print only first triangles - only show when the condition starts to met
Print only last triangles - small triangles when the condition met first, large when last. tis is the default.
Timeframes to show:
You can turn on/off different timeframs to show or not from the list below:
1m 5m 15m 30m 1H 4H D 5D W M
This is for experimenting/ understanding the market direction on multiple timeframes at once.
Don't take it's signals (and any other indicator's) as exact trade signals. use it as confirmation instead.
Any comments, insights, ideas are welcome.
9.x IndexENGLISH
The 9-period exponential moving average setups are simple and efficient for upward or downward trends. Its creation is attributed to trader Larry Williams . In Brazil it is widely publicized by trader Alexandre Fernandes (Palex).
This indicator was created to show the setup that appeared in each candle and an arrow shows the direction that the operation must be made (up arrow, long, and down arrow, short).
Below are the rules that describe each setup.
9.1 Long
1) MME9 is descending;
2) The candle that changes the direction of the average upwards, after its closing, activates the setup, if its maximum is broken, the purchase is activated;
3) The stop loss is positioned below the candle low in step 2.
9.1 Short
1) MME9 is rising;
2) The candle that changes the direction of the average downwards, after its closing, activates the setup, if its minimum is lost the sale is activated;
3) The stop loss is positioned above the candle maximum in step 2.
9.2 Long
1) MME9 is rising;
2) The current candle must close below the minimum of the previous candle, if its maximum is broken, the purchase is activated;
4) If the maximum of the candle in step 2 is not broken, the purchase will occur when the maximum of the next candle is broken;
5) The stop loss is positioned below the minimum of the candle in step 2 or step 3.
9.2 Short
1) MME9 is descending;
2) The current candle must close above the maximum of the previous candle, if its minimum is lost the sale is activated;
4) If the minimum of the candle in step 2 is not lost, the sale will occur when the minimum of the next candle breaks;
5) The stop loss is positioned above the maximum of the candle in step 2 or step 3.
9.3 Long
1) MME9 is rising;
2) A reference candle must be followed by two closings in a row below its closing, the purchase occurs when the maximum of the last candle breaks;
3) If the last high is not broken, the purchase occurs when the maximum of the next candle breaks;
4) The stop loss is positioned below the minimum of the candle in step 2 or step 3;
9.3 Short
1) MME9 is descending;
2) A reference candle must be followed by two closings in a row above its closing, the sale occurs when the minimum of the last candle breaks;
3) If the last low is not broken, the sale occurs when the minimum of the next candle breaks;
4) The stop loss is positioned above the candle maximum of step 2 or step 3;
9.4 Long
1) A candle generates a 9.1 short;
2) The next candle should generate a 9.1 long without losing the minimum of the previous candle, the purchase occurs when the maximum is broken;
3) The stop loss is positioned at the low of the candle in step 2.
Setup 9.4 for sale
1) A candle generates a 9.1 long;
2) The next candle should generate a 9.1 short without losing the maximum of the previous candle, the sale occurs at the loss of its minimum;
3) The stop loss is positioned at the maximum of the candle in step 2.
PORTUGUÊS
Os setups da média móvel exponencial de 9 períodos são simples e eficientes em ativos em tendência de alta ou de baixa. Sua criação é atribuída ao trader Larry Williams . No Brasil é amplamente divulgado pelo trader Alexandre Fernandes (Palex).
Esse indicador foi criado para mostrar o setup que surgiu em cada candle e uma seta mostra a direção que deve ser feita operação (seta para cima, compra, e seta para baixo, venda).
Abaixo temos as regras que descreve cada setup.
Setup 9.1 de compra
1) A MME9 está descendente;
2) O candle que mudar a direção da média para cima, após o seu fechamento, ativa o setup, se sua máxima for rompida é ativada a compra;
3) O stop loss é posicionado abaixo da mínima do candle do passo 2.
Setup 9.1 de venda
1) A MME9 está ascendente;
2) O candle que mudar a direção da média para baixo, após o seu fechamento, ativa o setup, se sua mínima for perdida é ativada a venda;
3) O stop loss é posicionado acima da máxima do candle do passo 2.
Setup 9.2 de compra
1) A MME9 está ascendente;
2) O candle atual deve fechar abaixo da mínima do candle anterior, se sua máxima for rompida é ativada a compra;
4) Caso a máxima do candle do passo 2 não seja rompida, a compra o ocorrerá no rompimento da máxima do candle seguinte;
5) O stop loss é posicionado abaixo da mínima do candle do passo 2 ou do passo 3.
Setup 9.2 de venda
1) A MME9 está descendente;
2) O candle atual deve fechar acima da máxima do candle anterior, se sua mínima for perdida é ativada a venda;
4) Caso a mínima do candle do passo 2 não seja perdida, a venda ocorrerá no rompimento da mínima do candle seguinte;
5) O stop loss é posicionado na acima da máxima do candle do passo 2 ou do passo 3.
Setup 9.3 de compra
1) A MME9 está ascendente;
2) Um candle de referência deve seguido por dois fechamentos seguidos abaixo do seu fechamento, a compra ocorre no rompimento da máxima do último candle;
3) Se a última máxima não for rompida, a compra ocorre no rompimento da máxima do candle seguinte;
4) O stop loss é posicionado abaixo da mínima do candle do passo 2 ou do passo 3;
Setup 9.3 de venda
1) A MME9 está descendente;
2) Um candle de referência deve seguido por dois fechamentos seguidos acima do seu fechamento, a venda ocorre no rompimento da mínima do último candle;
3) Se a última mínima não for rompida, a venda ocorre no rompimento da mínima do candle seguinte;
4) O stop loss é posicionado acima da máxima do candle do passo 2 ou do passo 3;
Setup 9.4 de compra
1) Um candle gera um 9.1 de venda;
2) O candle seguinte deve gerar um 9.1 de compra sem perder a mínima do candle anterior, a compra ocorre no rompimento da sua máxima;
3) O stop loss é posicionado na mínima do candle do passo 2.
Setup 9.4 de venda
1) Um candle gerar um 9.1 de compra;
2) O candle seguinte deve gerar um 9.1 de venda sem perder a máxima do candle anterior, a venda ocorre na perda da sua mínima;
3) O stop loss é posicionado a máxima do candle do passo 2.
CM_Williams AD+SMA_V1_PublicI posted this code a long time ago and forgot to add to PineScript Library.
Plots Williams Accumulation Distribution, Williams AD With Optional SMA as a Filter.
In Inputs Tab:
Ability to Turn On/Off SMA Filter.
Ability to change any of the plots to Change Colors Based on Being Above or Below the SMA Filter.
Also Ability to Turn Off Color Change Based on SMA Filter.
ZoneBarsBill Williams Zone and Squat Bars. See New Trading Dimensions by Bill Williams, PhD.
Bars are green (green zone) when the Awesome Oscillator and Accelerator/Decelerator are both positive.
Bars are red (red zone) when the Awesome Oscillator and Accelerator/Decelerator are both negative.
Bars are blue when a squat bar is formed, these indicate a battle between bulls and bears and often happen near trend continuation or trend changes.
Caution: Assumes chart is a bar chart - not a candle chart.
Caution: Squat bars are accurate only with official exchange volume data - BATS data will give false squat bars.
ZoneBarsBill Williams Zone and Squat Bars. See New Trading Dimensions by Bill Williams, PhD.
Bars are green (green zone) when the Awesome Oscillator and Accelerator/Decelerator are both positive.
Bars are red (red zone) when the Awesome Oscillator and Accelerator/Decelerator are both negative.
Bars are blue when a squat bar is formed, these indicate a battle between bulls and bears and often happen near trend continuation or trend changes.
Caution: Assumes chart is a bar chart - not a candle chart.
Caution: Squat bars are accurate only with official exchange volume data - BATS data will give false squat bars.
ZoneBarsBill Williams Zone and Squat Bars. See New Trading Dimensions by Bill Williams, PhD.
Bars are green (green zone) when the Awesome Oscillator and Accelerater/Decelerator are both positive.
Bars are red (red zone) when the Awesome Oscillator and Accelerater/Decelerator are both negative.
Bars are blue when a squat bar is formed, these indicate a battle between bulls and bears and often happen near trend continuation or trend changes.
Caution: Assumes chart is a bar chart - not a candle chart.
Caution: Squat bars are accurate only with official exchange volume data - BATS data will give false squat bars.
Willy BandsReverse engineered Willy21Ema13 to show (on chart) the levels price would have to reach to be overbought/oversold given recent price history.
By default it only shows the Williams%R with length 21.
If you change the settings it will do the same for the Ema13 of the Willy21, however because the ema is "harder" to breach, the lines are much farther away and looks really obnoxious on chart.
Vince/Williams Market Internals SuiteThis indicator is a powerhouse combination of three distinct market internal strategies developed by Ralph Vince and Larry Williams. Instead of using three separate scripts to monitor market health, this tool consolidates them into a single dashboard that analyzes NYSE "New Lows" data to detect structural rot, capitulation, and crash risks.
The first component is the Volatility Vulnerability monitor, which identifies when the market structure is decaying. It looks for an extended period where the number of New Lows fails to drop to negligible levels. If you see an Orange Circle while price is above the 50 SMA, it is a major warning that the uptrend is hollow and prone to a crash. Conversely, a Blue Circle below the 50 SMA suggests the weakness is already priced in, offering a contrarian entry signal.
The second component is the Selling Climax signal. This identifies moments of pure terror where New Lows hit extreme levels (default 20%). The script marks these panic days with Orange Diamonds, but the real value is the Green Diamond that appears immediately when the panic subsides, often signaling a sharp V-bottom.
Finally, the Bloodbath Rule runs in the background as a defensive filter. When the background turns red (marked by a Red Cross), it means New Lows have breached the "danger" threshold (default 4%). During these periods, internal selling pressure is accelerating, and you should strictly avoid entering new long positions until the background clears.
Note: This script relies on broad market data (ADVN/DECN/LOWN) and works best on Daily timeframes.
Vince/Williams Selling Climax SignalThis indicator identifies moments of ultimate market capitulation based on the "Selling Climax" research by Ralph Vince and Larry Williams. It monitors the ratio of New Lows to total traded issues to detect when selling pressure has reached an unsustainable, panic-driven extreme (defaulting to 20% of the entire market hitting new lows).
The script visualizes this process in two stages. First, it marks the actual days of panic with red diamonds, showing you where the "washout" is occurring. Second, and most importantly, it generates a green diamond buy signal on the very first day the panic subsides. This allows you to enter a position immediately after the supply of desperate sellers has been exhausted, often catching the absolute bottom of a sharp correction.
Vince/Williams Extreme Volatility VulnerabilityDescription: This indicator implements the "Period of Extreme Vulnerability" concept developed by Ralph Vince and Larry Williams. The theory posits that a healthy market must regularly see the number of New Lows "dry up" (drop to near zero). When the percentage of New Lows fails to drop below a minimal threshold (default 0.15%) for a prolonged period (default 65 days), it indicates that internal market structure is rotting even if prices are rising, leaving the market fragile and prone to sudden volatility shocks.
I have programmed this script to track that exact condition—the extended absence of a "low" New Lows reading. It applies a 50-day Moving Average filter to contextually categorize the signal:
Red Dot (Crash Warning): Triggers when the vulnerability period begins while the price is above the 50 SMA. This is the classic warning signal, indicating that an uptrend is unsupported by market internals and a sharp correction may be imminent.
Green Dot (Contrarian Buy): Triggers when the vulnerability period begins while the price is below the 50 SMA. The script identifies this as a potential capitulation or value point where the persistent internal weakness is likely already priced in.
Note: This indicator requires exchange-wide data (New Lows, Advancers, Decliners) to function. It is best used on daily timeframes.
3C FractalsIts based on Williams Fractals indicator, but instead of using 5 candles to mark the fractals, it uses only 3.
Fractal Pattern AnalysisFractal Pattern Key Elements and How to Read Them
1. Williams Fractals (Triangle Markers)
Red Triangles Pointing Down: Bearish fractals - potential resistance points and selling opportunities
Green Triangles Pointing Up: Bullish fractals - potential support points and buying opportunities
When to Act: Look for bullish fractals forming during uptrends and bearish fractals during downtrends
2. Moving Averages
Yellow Line (20 EMA): Short-term trend
Blue Line (50 EMA): Medium-term trend
Red Line (200 EMA): Long-term trend
Interpretation: When shorter MAs cross above longer MAs, it's bullish; when they cross below, it's bearish
Key Signal: The alignment of all three MAs (stacked in order) confirms a strong trend
3. Background Color
Green Background: Uptrend (all MAs aligned bullishly)
Red Background: Downtrend (all MAs aligned bearishly)
Yellow Background: Sideways/neutral market (MAs not clearly aligned)
4. Market Structure Markers (Small Circles)
Green Circles: Higher highs and higher lows (bullish structure)
Red Circles: Lower highs and lower lows (bearish structure)
Pattern Recognition: Multiple green circles suggest continuing uptrend; multiple red circles suggest continuing downtrend
5. Reversal Diamonds ("Rev" Markers)
Yellow Diamonds: Potential trend reversal points
Usage: These mark where the current trend might be changing direction
Confirmation: Wait for price to close beyond the diamond before acting
6. Bollinger Bands (Blue Lines with Fill)
Middle Band: 20-period SMA
Upper/Lower Bands: Volatility channels
Signals: Price touching upper band in uptrend is strength; touching lower band in downtrend is weakness
Squeeze: When bands narrow, expect a volatility breakout soon
7. Status Table (Top Right)
Shows current trend, volume direction, and overall signal at a glance
"BUY" signal appears when multiple bullish conditions align
"SELL" signal appears when multiple bearish conditions align
[JL] How Many Signals last N barsGot this idea after I found Multiple Indicators Screener from QuantNomad.
This script learnt some codes from QuantNomad's great script. Thanks to him.
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This table show how many signals happened during the last N bars.
I only take care Forex, so this table only has 28 symbols. Feel free to change it.
Calculate the following signals:
RSI cross over/under 50
Short Moving average cross over/under long moving average
Stochastic k cross over/under d
MACD hist cross over/under 0
Williams Fractals: Up and Down fractals happened.
The concept is simple: Range period will always happen more cross signals than the trend period.
When the counter is less than median of all symbols, will be set green color. So more green mean more chance to be trend.
OS FractalsAn up fractal is formed when a high is both preceded and followed by lower highs. A down fractal is formed when a low is both preceded and followed by higher lows.
Bill Williams uses a period of 2 (2 after and 2 before) to define a fractal. This indicator has 2 as default but lets you decide the range you want.
The indicator lets you also select alerts when price crosses an up of down fractal, which would usually mean to entry a position. This indicator works best when used with an alligator, as long signals are valid above the Balance Line and short signals are valid when triggered below the Balance Line.
Any comments for improvement are welcome.
Waters-Williams A/D OscillatorThis is the A/D oscillator, design by Jim Waters and Larry Williams. As any other oscillator, it measures the strength of the buy and sell pressure.
If a candle opens at the low, and closes at it's high, the signal given by the oscillator is 100. If it opens at high and closes at low, the signal will be 0. Since it completely disregard other values, it is common to use a smoothed version of it, which is the average of the last n values, just like the stochastic oscillator.
Tho it doesn't have much use for positioners or swing traders, day traders and scalpers can use it in confluence with volume to enter in a counter trend trade.
Deep_Fractal_Signals_and_Rubber_Band_TradesThis indicator is based on Williams Fractals and the TopDog Trading "Rubber Band Trade"
The Deep Fractal Signals are triangles that indicate the price is forming a pattern of decreasing lows in a down trend (orange) or, increasing highs in an up trend (green).
The triangles are placed above or below the last bar of the pattern, unlike Fractals which are drawn 2 candles prior to the current candle, and are re-painted on the chart.
When the triangle is indicated above the moving average in a down trend (blue), or below the moving average in an up trend (yellow), this is a Rubber Band Trade.
When the slope of the moving average is less than the Gain set by the user, or are counter-trend, the triangles are plotted in silver.
When used in conjunction with the Power Analyzer indicator, a signal to the long side should be taken when the Power Analyzer momentum indicator is at a cycle low. Similarly, a signal to the short side should be taken when the indicator is at a cycle high.
The first, second or third signal in a new trend have the highest probability of a follow through.
The indicator sometimes gives a false signal at the very end of the trend, just before the market reverses. This is an attempt by the Market Makers to persuade traders that the trend will continue.
Please leave a comment and "Like" this indicator if you find it useful.
FX Engineering
Zenith BladeThis script is based heavily on "Support/Resistance Zones x3" by Lij_MC
What I did is went and added alerts for when price breakouts the support line/zone.
You have the options to change if it is based on a zone breakout or a line breakout
You also can choose when it will go off, so for example you want an alert to trigger only between 7am and 8am then you can change that in the menu.
Lastly you can choose whither or not to show the Williams Alligator on the chart as I have found it beneficial in conjunction with the script since its based primarily on fractals to calculate Support and Resistance.
Wisemen Bill Ali Williams v3Use 2 timeframe:
Current timeframe + configurable timeframe (default: 6hours)
Get resistance & support for both timeframe.
Entry when breakout both resistance or both support
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Setup linha da Sombra - Larry WilliamsHi trader, it script were based on dual 10 EMA Trade System from Professional Trader e Autor Larry Williams.
Based on crossing ema, after a leg down, when 10ema crossover 10ema deslocated 1 bar to the right, we have the sign to buy, and after a leg up, when the 10ema crossunder we have the sign to sell.
Remember Volume confirm price/trend.
Enjoy ;)
Larry Williams 9.3 [zauoyds]This script was made to find in real time the setup 9.3, made by trader Larry Williams.
This indicator just help to find the entries described by setup 9.3.
You need to know the setup and use this indicador as helper.
The indicator shows when the 9.3 is configured. The trigger to go long is the next candle high is higher than previus candle high. To go short, the low needs to be lower than previus low.
Larry Williams 9.2 [zauoyds]This script was made to find in real time the setup 9.2, made by trader Larry Williams.
This indicator just help to find the entries described by setup 9.2.
You need to know the setup and use this indicador as helper.
The indicator shows when the 9.2 is configured. The trigger to go long is the next candle high is higher than previus candle high. To go short, the low needs to be lower than previus low.






















