Bill Williams Moving Averages. - futures io
futures io futures trading



Bill Williams Moving Averages.


Discussion in NinjaTrader

Updated by cptcheery
      Top Posters
    1. looks_one Fat Tails with 5 posts (4 thanks)
    2. looks_two kypa with 4 posts (0 thanks)
    3. looks_3 GridKing with 2 posts (0 thanks)
    4. looks_4 cory with 1 posts (1 thanks)
    1. trending_up 9,270 views
    2. thumb_up 8 thanks given
    3. group 7 followers
    1. forum 15 replies
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Bill Williams Moving Averages.

(login for full post details)
  #1 (permalink)
white rock
 
 
Posts: 3 since Feb 2012
Thanks: 9 given, 0 received

Has anyone created Bill Williams Moving Averages which are used for the Alligator? If so would you be willing to share them? I used Metastock for almost 20 years and was fairly good at programming but I recently switched to Ninja and their programming making my eyes spin. Cheers.

Reply With Quote

Can you help answer these questions
from other members on futures io?
Price Down, Volume Up, Open Interest Down
Traders Hideout
Looking freelancer for MT4 Indicator
Platforms and Indicators
help to convert from thinkscript to ninjascript
NinjaTrader
Horizontal Line Indicator
Platforms and Indicators
Time & Sales Filter Size ES/NQ
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Legal question and need desperate help
89 thanks
Building a high-performance data system
15 thanks
New Computer Build
11 thanks
Risk reward question
11 thanks
Is Orderflow An Outdated Concept?
11 thanks
 
(login for full post details)
  #2 (permalink)
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 5,998 since Jun 2009
Thanks: 831 given, 7,832 received


Rambo1123 View Post
Has anyone created Bill Williams Moving Averages which are used for the Alligator? If so would you be willing to share them? I used Metastock for almost 20 years and was fairly good at programming but I recently switched to Ninja and their programming making my eyes spin. Cheers.

you don't have to do anything just go to ma setting set displacement to value you want.

Reply With Quote
The following user says Thank You to cory for this post:
 
(login for full post details)
  #3 (permalink)
Perdido Beach, AL
 
Experience: Intermediate
Platform: graph paper
Trading: Guitar
 
websouth's Avatar
 
Posts: 1,150 since Jul 2009
Thanks: 1,094 given, 1,310 received


Alligator indicator consists of 3 Moving averages:

Alligator’s jaws (blue line) – 13-period Simple Moving Average built from (High+Low)/2, moved into the future by 8 bars

Alligator’s teeth (red line) - 8-period Simple Moving Average built from (High+Low)/2, moved by 5 bars into the future

Alligator’s lips (green line) - 5-period Simple Moving Average built from (High+Low)/2, moved by 3 bars into the future


“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to websouth for this post:
 
(login for full post details)
  #4 (permalink)
San Diego, CA USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
GridKing's Avatar
 
Posts: 3,650 since May 2011
Thanks: 584 given, 880 received

Sorry to add but didn't want to start a new thread, anyone know of a williams pro go indicator or similar for Ninja

used to use it in quotetracker and was very useful imo

Bar charts definition: This indicator has two lines: the Public Buying (green line) at the beginning of the day and the Professional Buying (red line) at the end of the day.

This technique is to create two Advance/Decline lines.

The Public Advance/Decline line is constructed by using the change from yesterday's closes to today's open.
The professional Advance/decline line is constructed by using the change from today's open to today's close.
The lines are calculated by taking a moving average, normally 14-days, of the results

Barchart.com - Classic Chart Indicators and Studies

thanks I didn't see anything here or ninja forum, thought maybe something similar around

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #5 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,839 since Mar 2010
Thanks: 4,238 given, 26,581 received


GridKing View Post
Sorry to add but didn't want to start a new thread, anyone know of a williams pro go indicator or similar for Ninja

used to use it in quotetracker and was very useful imo

Bar charts definition: This indicator has two lines: the Public Buying (green line) at the beginning of the day and the Professional Buying (red line) at the end of the day.

This technique is to create two Advance/Decline lines.

The Public Advance/Decline line is constructed by using the change from yesterday's closes to today's open.
The professional Advance/decline line is constructed by using the change from today's open to today's close.
The lines are calculated by taking a moving average, normally 14-days, of the results

Barchart.com - Classic Chart Indicators and Studies

thanks I didn't see anything here or ninja forum, thought maybe something similar around


The indicator will only give different results from a momentum indicator, if there are significant gaps between the prior bar's close and the current bar's open. It can only be used

- on daily data
- if your daily bars are built from the RTH session (regular session excluding the night session)

If there are no gaps between bars, the indicator becomes a simple momentum indicator.

I do not understand, why Williams qualifies the night session move as public move and the day session move as professional move. The night session is essentially driven by overseas news. Qualifying this as noise and considering the US session as professional trading reflects an attitude which might have worked 30 years ago. Today that reasoning may only be correct for US domestic stocks, but certainly not for FOREX or commodities that are traded round the clock.

I think you can just use the momentum indicator, and that should be fine.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
(login for full post details)
  #6 (permalink)
San Diego, CA USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
GridKing's Avatar
 
Posts: 3,650 since May 2011
Thanks: 584 given, 880 received

Thanks for replying, I'm not sure how quotetracker calculated it or if standard across the board , I used to use it in combination with synthetic $vix and had interesting results for showing extremes , see if I can remember and dig some more...

thanks for help

.................

edit:

Here's the article they based Vix Fix on https://www.meglioli.biz/xvix.pdf

and I guess pro go is as described

by tying them together in qt ended up with something similar to this https://www.tradepointsoftware.com/postpics/harmonic1a.jpg

just something I remembered and was quite useful...

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
Bulgaria
 
 
Posts: 16 since Oct 2013
Thanks: 17 given, 8 received


websouth View Post
Alligator indicator consists of 3 Moving averages:

Alligator’s jaws (blue line) – 13-period Simple Moving Average built from (High+Low)/2, moved into the future by 8 bars

Alligator’s teeth (red line) - 8-period Simple Moving Average built from (High+Low)/2, moved by 5 bars into the future

Alligator’s lips (green line) - 5-period Simple Moving Average built from (High+Low)/2, moved by 3 bars into the future

these are smoothed moving averages (also called modified or running) in the alligator, not simple - it is a kind of exponential smoothing

I just found out that in ninjatrader (and everywhere else of course) we can build the alligator with ordinary exponential moving averages - just the periods be 25 for jaws, 15 for teeth and 9 for lips - (orig.Number)x2-1, all else the same

Reply With Quote
 
(login for full post details)
  #8 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,839 since Mar 2010
Thanks: 4,238 given, 26,581 received


kypa View Post
these are smoothed moving averages (also called modified or running) in the alligator, not simple - it is a kind of exponential smoothing

I just found out that in ninjatrader (and everywhere else of course) we can build the alligator with ordinary exponential moving averages - just the periods be 25 for jaws, 15 for teeth and 9 for lips - (orig.Number)x2-1, all else the same

Bill Williams did indeed use the SMMA (smoothed moving average), but there are two different formulas used for the SMMA. I called them "useless SMMA" (your EMA) and "simple SMMA" in my thread here:



Are you sure that you picked the right SMMA? Could you point me to your source please?

As far as I know the other version of the SMMA is mostly used. The other version is near-identical to the SMA.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
(login for full post details)
  #9 (permalink)
Bulgaria
 
 
Posts: 16 since Oct 2013
Thanks: 17 given, 8 received


Fat Tails View Post
Bill Williams did indeed use the SMMA (smoothed moving average), but there are two different formulas used for the SMMA. I called them "useless SMMA" (your EMA) and "simple SMMA" in my thread here:


Are you sure that you picked the right SMMA? Could you point me to your source please?

As far as I know the other version of the SMMA is mostly used. The other version is near-identical to the SMA.

ummm... actually that exact thread of yours is where I got the idea - and thank you for that - then I checked Bill Willliams' books - his daughter is reffering to the CQG's formula for smoothed moving average on Trading chaos 2nd edition pages 104-105 (I downloaded it from 4shared for free I think) - cqg.com/Technical-Analysis/Studies/Standard-Studies/Moving-Averages.aspx (I can't post full links), wikipedia got an article about: en.wikipedia.org/wiki/Moving_average, which relates that Smoothed MA to the Exponential
then I checked on platforms with alligator integrated that I have if it really is like that - on metatrader 4 and 5 and tradeinterceptor it was a complete match (as of what can be seen on the chart when both indicators are plotted)
I am not that into coding of ninjatrader so it would be the right thing to do to check once again if the formulas really match

what really matters is why do we need a Smoothed MA
if we want to calculate one more kind of MA - then that formula is indeed useless - it isn't really anything new or better
but if we need it to build the alligator on platforms that don't have it or that smoothed MAs - it saves a lot of time to know this (that was the reason I wrote that comment yesterday) and I thank you once again for pointing it out

I think even if there happens to be some actual difference between the actual values of that two formulas it shouldn't be harmfull since the alligator itself is a simplified "close-enough" representation of much more complicated calculations

Reply With Quote
 
(login for full post details)
  #10 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,839 since Mar 2010
Thanks: 4,238 given, 26,581 received



kypa View Post
ummm... actually that exact thread of yours is where I got the idea - and thank you for that - then I checked Bill Willliams' books - his daughter is reffering to the CQG's formula for smoothed moving average on Trading chaos 2nd edition pages 104-105 (I downloaded it from 4shared for free I think) - cqg.com/Technical-Analysis/Studies/Standard-Studies/Moving-Averages.aspx (I can't post full links), wikipedia got an article about: en.wikipedia.org/wiki/Moving_average, which relates that Smoothed MA to the Exponential
then I checked on platforms with alligator integrated that I have if it really is like that - on metatrader 4 and 5 and tradeinterceptor it was a complete match (as of what can be seen on the chart when both indicators are plotted)
I am not that into coding of ninjatrader so it would be the right thing to do to check once again if the formulas really match

what really matters is why do we need a Smoothed MA
if we want to calculate one more kind of MA - then that formula is indeed useless - it isn't really anything new or better
but if we need it to build the alligator on platforms that don't have it or that smoothed MAs - it saves a lot of time to know this (that was the reason I wrote that comment yesterday) and I thank you once again for pointing it out

I think even if there happens to be some actual difference between the actual values of that two formulas it shouldn't be harmfull since the alligator itself is a simplified "close-enough" representation of much more complicated calculations

Yes there are two SMMAs. As you pointed out, one of them is an exponential moving average, and the other one comes pretty close to the default SMA. Easiest to build an alligator that can perform calculations based on either a SMA or EMA. It is more the idea that counts.

Reply With Quote
The following user says Thank You to Fat Tails for this post:


futures io Trading Community Platforms and Indicators NinjaTrader > Bill Williams Moving Averages.


June 21, 2015


Upcoming Webinars and Events
 

Getting Comfortable with Price Action Patterns w/Earn2Trade

Aug 4
 

Live Video Panel: Ask Me Anything w/Ironbeam Brokerage

Aug 6
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts