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Setup 91 Larry Williams

4.5

Buy and sell signals based on Larry Williams's exponential moving average strategy 9.1 for trend reversals.


How does it work?

The indicator activates the buy and sell signal when a candle closes turning the 9 period EMA.

How to use it?

One way of using it, proposed by Larry Williams, is to enter a trade with a buy stop order one tick above the high of the candle with the buy signal, placing the stop loss order one tick below the candle's low. When there's a sell signal instead, place a sell stop order one tick below the low of the candle with the sell signal, and a stop loss one tick above the candle's high.
If the entry stop order is not filled on the next candle, you can cancel it and wait for another signal.
If filled, the arrow will change color and it is possible then to trail the stop loss order based on the 9 period EMA and exit the trade when there's a new opposing signal to get the most profit of the new trend.

Tip:

Great for early entries on big reversals. Just be careful with it inside narrow sideways ranges.


Advantages:

- Filters automatically non-valid signals such as 9.4 or consolidating prices when the moving average loses its trend tracking effect.

- Repeats entry signals while they remain valid.

- Allows different colors for activated signals, so you can visually analyze the strategy on past prices.

- Lets you change the type of arrow so you don't confuse with other indicators already in use.

- Can ring an alarm to draw your attention when there's an entry signal.

- Can pop an alert on the platform to inform you when there's an entry signal.

- Can send a push notification on your smartphone when there's an entry signal.


Features you can edit to your preference:

- Distance between the arrow signals and the candle's high/low

- Type of the Buy and Sell signal arrows, based on the Wingdings font

- Color and size of the Buy and Sell signal arrows

- Color, thickness and style of the exponential moving average

- Enable push notifications

- Enable pop-up alerts

- Enable sound alarms

- Sound of the alarm


Who is the creator?

Larry Williams is an American stock and commodity trader, author of 11 books and creator of indicators such as the "Williams%R" and the "Ultimate Oscillator", with over 60 years of trading experience.

Won the 1987 World Cup Championship of Futures Trading, turning $10,000 to over $1,100,000 in 12 months with real money. Ten years later, his daughter Michelle Williams won the same competition.


Keywords: Setup 9.1, Setup Larry Williams, Palex, MOL, Lorenz, Ogro, RM.

Comentarios 2
Detleff Böhmer
2592
Detleff Böhmer 2020.07.26 09:40 
 

Die Signale sind sehr genau. Der Service war sehr gut, mit diesem Indikator kann man sehr gut arbeiten und Geld verdienen.

naldor
174
naldor 2021.01.11 17:25 
 

Ele é muito bom, pena que só disponibilizaram para alugar!

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This indicator builds upon the previously posted Nadaraya-Watson smoothers. Here we have created an envelope indicator based on Kernel Smoothing with integrated alerts from crosses between the price and envelope extremities. Unlike the Nadaraya-Watson estimator, this indicator follows a contrarian methodology. Please note that by default this indicator can be subject to repainting. Users can use a non-repainting smoothing method available from the settings. The triangle labels are designed
Noize Absorption Index - is the manual trading system that measures the difference of pressure between bears forces and bulls forces. Green line - is a noize free index that showing curent situation. Zero value of index shows totally choppy/flat market.Values above zero level shows how powerfull bullish wave is and values below zero measures bearish forces.Up arrow appears on bearish market when it's ready to reverse, dn arrow appears on weak bullish market, as a result of reverse expectation.
Stargogs Spike Catcher
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Stargogs Spike Catcher V3.12 This Indicator is Developed To milk the BOOM and CRASH indices . Send me Message if you need any help with the indicator.  CHECK OUT THE STARGOGS SPIKE CATCHER EA/ROBOT V3: CLICK HERE ALSO CHECK OUT SECOND TO NONEFX SPIKE CATCHER:   CLICK HERE STARGOGS SPIKE CATCHER V3.12 WHATS NEW! Brand New Strategy. This is the Indicator you need for 2023. The Indicator Gives you an Entry at a time when conditions are met enter on every arrow and exit when it gives an X. New Tren
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Setup 93 Larry Williams
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Buy and sell signals based on Larry Williams's exponential moving average strategy 9.3 for trend continuation. Who is he? Larry Williams is an American stock and commodity trader, author of 11 books and creator of indicators such as the "Williams%R" and the "Ultimate Oscillator", with over 60 years of trading experience. Won the 1987 World Cup Championship of Futures Trading, turning $10,000 to over $1,100,000 in 12 months with real money. Ten years later, his daughter Michelle Williams won t
Setup 94 Larry Williams
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Buy and sell signals based on Larry Williams's exponential moving average strategy 9.4 for failed reversals and trend continuation. How does it work? For an uptrend, we need a candle turning the 9 period EMA down and closing below it, followed by a candle turning the 9 period EMA up and closing above it, with a low higher than the previous candle's low.  For a downtrend, we need a candle turning the 9 period EMA up and closing above it, followed by a candle turning the 9 period EMA down and
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Buy and sell signals based on Larry Williams's exponential moving average strategies 9.1, 9.2, 9.3 and 9.4 for trend reversals and continuations. To understand the logic and how to trade the signals, please check: Setup 9.1:  https://www.mql5.com/pt/market/product/50986 Setup 9.2:  https://www.mql5.com/pt/market/product/52268 Setup 9.3:  https://www.mql5.com/pt/market/product/52269 Setup 9.4:  https://www.mql5.com/pt/market/product/52273 Notices:  - This indicator displays a lot of signals.
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Buy and sell signals based on the Continuous Point Setup for trend continuation, popularized in Brazil by Stormer and Palex. How does it work? The indicator activates the buy signal when we have prices above the ascending 21-period Simple Moving Average (SMA21) followed by a pullback and a touch on it.  For a sell signal we need the prices below the descending SMA21 followed by a pullback and a touch on it. How to use it? One way of using it, as suggested by Stormer, is to enter the
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This Indicator is based on the high's moving average and the low's moving average for trend following and/or trailing stops. How does the indicator work? The indicator plots the uptrend dots until there is a close below the moving average of the lows. When this happens, a downtrend begins and is plotted until there is a close above the moving average of the highs. When this happens, another uptrend begins. And so it goes. How to use it? - Trend following: You can use it as buy signals when
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naldor
174
naldor 2021.01.11 17:25 
 

Ele é muito bom, pena que só disponibilizaram para alugar!

Detleff Böhmer
2592
Detleff Böhmer 2020.07.26 09:40 
 

Die Signale sind sehr genau. Der Service war sehr gut, mit diesem Indikator kann man sehr gut arbeiten und Geld verdienen.

Respuesta al comentario
Versión 1.1 2021.05.10
- Different colors for non-activated signals
- Automated filter to avoid range signals and 9.4
- Push notifications enabled
- Pop-up alerts enabled