Bill Williams ATZ Indicator - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource
This indicator gives visual and detailed buy/sell signals based on the Bill Williams Trading in the Zone methodology along with the Alligator and MACD.
According to Bill Williams, when the market is moving in your direction, i.e. when momentum, acceleration and price confirm that you have a strong trend or acceleration period, trading in this zone helps maximize/double/triple profits. Armed with this information, you can aggressively increase your position. However, price and momentum are not enough to enter a trade, which is what this indicator attempts to simplify for you by eliminating false, exhaustion, or counter-trend signals.
Note that this is a reactive indicator and the signal will trigger after price acceleration.
It can be used to safely enter a trend or aggressively add to a position. For the record, it uses the following:
Attachment download
📎 BillWilliams_ATZ.mq4 (6.12 KB)
Source: MQL5 #10622
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