Fractal_Alligator_AO_AC_Zone_ATR_SMA by PiroozTraderFractal_Alligator_Awesome_Accelerator_TradingZone_ATR_SMA Indicator
By: Pirooz_Trader
Version: 2
Date: 08-02-2025
Introduction
The Fractal_Alligator_Awesome_Accelerator_ATR_SMA indicator is a powerful and comprehensive trading tool designed for TradingView. It combines multiple technical analysis components, including the Alligator, Fractals, Awesome Oscillator (AO), Accelerator Oscillator (AC), ATR Trailing Stop , and SMA , to provide traders with precise entry and exit signals. This indicator is inspired by the trading strategies outlined in Bill Williams' book, New Trading Dimensions, and has been enhanced with additional features to improve its functionality and accuracy.
The original version of this indicator was created by JustUncleL (available ). I have expanded its capabilities by adding new features such as the ATR Indicator, SMA Indicator, Awesome Oscillator, Accelerator Oscillator , and Zone Trading . These additions make the indicator more versatile and suitable for a wider range of trading strategies.
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Key Features
1. Alligator Indicator
The Alligator consists of three lines: Jaw, Teeth, and Lips, which are calculated using Smoothed Moving Averages (SMMA).
These lines help identify the market trend:
Bullish Trend
: Lips > Teeth > Jaw
Bearish Trend
: Lips < Teeth < Jaw
Consolidatio
n: Lines are intertwined
2. Fractals
Fractals are used to identify potential reversal points in the market.
Two primary strategies are implemented:
Fractal Reversal
: Detects trend reversals based on fractal formations and their position relative to the Alligator lines.
Fractal Breakout
: Identifies breakout opportunities when price moves beyond fractal levels.
3. Awesome Oscillator (AO)
The AO measures the difference between two SMAs (fast and slow) to gauge market momentum.
It provides insights into the strength of the trend:
AO > 0 and Rising
: Bullish momentum
AO < 0 and Falling
: Bearish momentum
4. Accelerator Oscillator (AC)
The AC measures the acceleration or deceleration of the AO.
It confirms the strength of the momentum:
AC > 0 and Rising
: Strong bullish momentum
AC < 0 and Falling
: Strong bearish momentum
5. ATR Trailing Stop
The ATR Trailing Stop uses the Average True Range (ATR) to calculate a dynamic stop-loss level.
It helps traders protect profits and manage risk by adjusting the stop-loss based on market volatility.
6. SMA (Simple Moving Average)
A customizable SMA (default length: 200) is included to identify long-term trends.
It serves as a trend filter to confirm signals generated by other components.
7. Zone Trading
The indicator includes a unique Zone Trading feature that colors candles based on the alignment of the AO and AC:
Green Zone
: Both AO and AC are green (bullish momentum).
Red Zone
: Both AO and AC are red (bearish momentum).
Gray Zone
: AO and AC have conflicting signals (neutral or indecision).
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How It Works
The indicator integrates multiple components to generate high-probability trading signals:
- Trend Identification : The Alligator and SMA help identify the overall market trend.
- Momentum Confirmation : The AO and AC confirm the strength and direction of the momentum.
- Reversal and Breakout Signals : Fractals are used to detect potential reversals and breakouts.
- Risk Management : The ATR Trailing Stop ensures that traders can manage risk effectively.
- Visual Clarity : The Zone Trading feature provides a clear visual representation of market conditions.
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Trading Signals
The indicator generates three main types of signals:
1. Fractal Reversal
. Triggered when a fractal forms and price shows reversal conditions relative to the Alligator lines.
. Ideal for identifying trend reversals.
2. Fractal Breakout
. Triggered when price breaks through a fractal level, confirming a potential trend continuation.
. Suitable for breakout trading strategies.
3. Awesome Breakout
. Triggered when the AO confirms strong momentum (e.g., AO > 0 and rising) and price crosses the Lips line.
. Designed for momentum-based trading.
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Customization Options
The indicator offers extensive customization, allowing traders to:
Show or hide specific components (e.g., Alligator, Fractals, AO, AC, ATR, SMA).
Adjust parameters for each component (e.g., lengths, offsets, multipliers).
Enable or disable alerts for specific signals.
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Alerts
The indicator includes pre-configured alerts for:
Fractal Reversal (Long/Short)
Fractal Breakout (Long/Short)
Awesome Breakout (Long/Short)
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Disclaimer
This indicator is provided for educational and informational purposes only. It should not be considered financial advice. Trading involves significant risk, and you should only trade with money you can afford to lose. The creator of this indicator is not responsible for any losses incurred as a result of using this tool.
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Credits
Original concept by JustUncleL (TradingView Profile).
Inspired by Bill Williams' book, New Trading Dimensions.
Enhanced and expanded by Pirooz_Trader.
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Feedback
Your feedback is invaluable! If you have any suggestions, questions, or issues, please feel free to share them. Your input will help improve the functionality and accuracy of this indicator.
Happy trading! 🚀
Trading_zone
Awesome_Accelerator_Zone OscillatorExplanation and Usage Guide for AO_AC_ZONE Oscillator
Indicator Overview
The **AO_AC_ZONE** oscillator is based on the concepts introduced by **Bill Williams** in his book *New Trading Dimensions*. This indicator combines the **Awesome Oscillator (AO)**, **Accelerator Oscillator (AC)**, and a custom **Zone Oscillator**, visualizing them together in a clear, color-coded format.
The Zone Oscillator is derived from the relationship between AO and AC, indicating the market's dominant momentum state (bullish, bearish, or neutral). It also integrates real-time candle coloring to visually align price bars with the Zone's momentum.
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**Components**
1. **Awesome Oscillator (AO)**:
- AO measures the difference between a 5-period and 34-period Simple Moving Average (SMA) applied to the midpoints of candles.
- It reflects market momentum, where:
- Green bars = increasing momentum
- Red bars = decreasing momentum
2. **Accelerator Oscillator (AC)**:
- AC is calculated as the difference between AO and its 5-period SMA.
- It indicates the acceleration or deceleration of market momentum.
- Fuchsia bars = increasing momentum
- Purple bars = decreasing momentum
3. **Zone Oscillator**:
- The Zone combines AO and AC states:
- **Green Zone**: Both AO and AC are positive (bullish momentum).
- **Red Zone**: Both AO and AC are negative (bearish momentum).
- **Gray Zone**: AO and AC have differing signs (neutral/uncertain momentum).
- Candle colors dynamically match the Zone’s state for enhanced visual clarity.
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**How to Use the Indicator**
**1. Interpreting the Oscillators**
- **AO**: Use it to detect momentum direction and changes. Pay attention to shifts in bar color:
- **Increasing AO (Aqua)**: Bullish momentum gaining strength.
- **Decreasing AO (Navy)**: Bullish momentum weakening or bearish momentum strengthening.
- **AC**: Provides early signals of momentum shifts.
- If AC changes color ahead of AO, it signals potential trend reversals or accelerations.
**2. Using the Zone Oscillator**
- **Green Zone**:
- Both AO and AC are positive.
- Indicates a strong bullish trend. Look for buying opportunities in line with the trend.
- **Red Zone**:
- Both AO and AC are negative.
- Signals strong bearish momentum. Look for shorting opportunities.
- **Gray Zone**:
- AO and AC are in conflict.
- Represents uncertainty; avoid trading or wait for a clear signal.
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**Real-Time Application**
**Candle Coloring**
- The indicator modifies candle colors to match the Zone Oscillator's state:
- **Green Candles**: Strong bullish momentum.
- **Red Candles**: Strong bearish momentum.
- **Gray Candles**: Neutral momentum.
**Recommended Strategy (Based on New Trading Dimensions)**:
1. **Identify the Zone**:
- Focus on Green Zones for long entries and Red Zones for short entries.
2. **Look for AO/AC Confirmation**:
- Enter trades in the direction of both AO and AC when they align with the Zone.
- For exits, monitor when AO and AC conflict (Gray Zone).
3. **Use in Combination**:
- Combine this oscillator with fractals or trend indicators to confirm signals.
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**Benefits**
- Visualizes momentum strength, acceleration, and alignment in one chart.
- Simplifies decision-making by integrating price action with oscillator dynamics.
- Supports faster trade identification and execution by highlighting bullish, bearish, and neutral zones.
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**Disclaimer**
This indicator is a tool to assist in market analysis. Always incorporate proper risk management and avoid trading during uncertain conditions (Gray Zones). For optimal results, use this oscillator in conjunction with other analysis methods like support/resistance, volume analysis, and trend-following systems.
