Alligator Indicator AO by Bill Williams Tradestation Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

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Group: Tradestation Indicators

Title: Alligator Indicator AO by Bill Williams

Description: Alligator Indicator AO by Bill Williams

Type : Indicator, Name : ABillW_AO 
Vars: AO(0),AC(0);

{Awesome Oscillator}
AO=Average((h+l)/2,5)-Average((h+l)/2,34);

{Accelerator/Decellerator Oscillator}
AC=AO-Average(AO,5);

if currentbar>=1 then
if AO>AO[1] then plot1(AO,"+AO")
else plot2(AO,"-AO") ;
Plot3(0,"");

Author/Source: Bill Williams