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According to Bill Williams' trading strategy described in the book "Trading Chaos: Maximize Profits with Proven Technical Techniques" the indicator displays the following items in a price chart:

1.Bearish and bullish divergent bars:

  • Bearish divergent bar is colored in red or pink (red is a stronger signal).
  • Bullish divergent bar is colored in blue or light blue color (blue is a stronger signal).

2. "Angulation" formation with deviation speed evaluation.

3. The level for placing a pending order (displayed as a dashed line).

Angulation is formed by divergence of two lines:

  • price line that passes through the borders of bars. Lower borders of bars are used during upward motion upper borders are used during downward motion
  • balance line that passes through the Alligator jaw (blue line).

Angulation is formed after forming a divergent bar outside the Alligator jaws.

The higher the price deviation angle and balance lines, the better is Angulation. In this version instead of measuring the angle, calculation of deviation speed is performed. The higher the price deviation line and balance lines, the better is the Angulation. Deviation speed is measured in points per 1 bar or in points per one hour.

Deviation speed is displayed next to the divergent bar. There is a filter in the settings on the minimum deviation speed as well as an option to select the displayed measurement unit.

You can select one of two algorithms of drawing the balance lines:

Simple - the line is drawn from the crossing bar to the point of the corresponding divergent bar (moved 8 bars ahead);

Advanced - the algorithm considers the duration of formed Angulation. When a boundary value is reached it draws the balance line so that the probability of a false angulation is minimal when the price price moves parallel.


  • Max Bars – number of bars calculated on the chart;
  • Set Divergent Bar – settings for divergent bars;
  • Show Divergent Bar – display divergent bars for which the Angulation hasn't been formed;
  • Divergent Bar Alert – use alerts for divergent bars;
  • Set Angulation – settings for Angulation;
  • Angulation Aler – use alerts for Angulation;
  • Comments for missed Divergent Bars – comment the reason why the Angulation to the divergent bar wasn't formed;
  • Check Awesome Oscillator – check the values of the Awesome Oscillator histogram according to Bill Williams's trading strategy;
  • Min duration of Angulation – minimum formation duration (possible minimum=2);
  • Max duration of Angulation – maximum formation duration;
  • Type of Algorithm – type of the algorithm used to draw the balance line;
  • Start checking parallel motion – boundary value of formation duration, only for the Advanced algorithm (see description);
  • Show Speed Differences – display deviation speed;
  • Show Speed in – selection of the deviation speed unit in pips/bar or pips/h;
  • Min Speed – minimum deviation speed filter;
  • Font Size – font size to display deviation speed;
  • Set Line Color – price and balance line color and style settings;
  • Price Line Color – price line color;
  • Balance Line Color – balance line color;
  • Style Line – line style;
  • Width Line – line width;
  • Set Alligator – the Alligator indicator parameters;
  • Jaw Period – jaw period;
  • Jaw Shift – jaw shift;
  • Teeth Period – teeth period;
  • Teeth Shift – teeth shift;
  • Lips Period – lips period;
  • Lips Shift – lips shift;
  • MA Method – method of averaging;
  • Applied Price – price type;
  • Set Order Level – display settings of pending order level;
  • Show Order Lever – display the level for placing a pending order (the level is set  without considering spread);
  • Indent Level – order level offset from the divergent bar (in points);
  • Buy Stop Order Level – color of "Buy Stop Order" level line;
  • Sell Stop Order Level – color of "Sell Stop Order" order line;
  • Style Line – line style;
  • Width Line – line width.

It is recommended to use the indicator on H4 and higher timeframes.

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PZ Trend Trading MT5
Arturo Lopez Perez
O Trend Trading é um indicador projetado para lucrar o máximo possível com as tendências que ocorrem no mercado, cronometrando retrocessos e rupturas. Ele encontra oportunidades de negociação analisando o que o preço está fazendo durante as tendências estabelecidas. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Negocie mercados financeiros com confiança e eficiência Lucre com as tendências estabelecidas sem ser chicoteado Reconhecer retrocesso
299 USD
MT5 Order Flow
Phuc Nguyen Vinh
What is Order Flow Trading? Order flow trading is a method that attempts to anticipate price movement based on the current orders that are visible on both the buy and sell-side. How many bids are being placed versus asks? The unknown factor, of course, is the number of buyers and sellers that suddenly jump into the markets (or traders who might know if any large buyers or sellers are about to jump in). As it always had been,   order flow   is the mechanism that moves prices up and down. It is th
250 USD
Naked Forex Tweezer Indicator for MT5
Renaud Candel
Tweezer Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the       best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The indicator does what he was designed for
147 USD
VR System MT 5
Vladimir Pastushak
VR System is not just an indicator, it is a well-balanced trading system that includes combined simple Moving Average and Donchian channel indicators. The system is based on classic trading rules. The VR System trading system takes into account the rules for entering the market, rules for holding a position in the market, and rules for exiting a position. Simple trading rules, minimal risks, and clear instructions make VR System an attractive trading strategy for traders in financial markets. Ad
150 USD
Clever Order Blocks MT5
Carlos Forero
Description Very precise patterns to detect: entry signals as well as breakout, support and resistance reversal patterns.   It points out zones in which, with a high probability, institutional orders with the potential to change the price’s direction and keep moving towards it, have been placed.   Here you can access our discord community for more information about our tools and benefits. KEY LINKS:   Indicator Manual   –   How to Install   -  Discord Server   –  Frequent Questions  -  All Prod
119.99 USD
Beast Super Signal Scanner MT5
Dustin Vlok
The Beast Super Signal Scanner works with the exact same strategies and logic as the Beast Super Signal indicator and is displayed as a simple easy to use Dashboard giving signals for all the pairs on a single chart. The Beast Super Signal Scanner is a simple, and easy to use trend based indicator. It will continuously monitor current price action looking for new trends developing or strong reversals building at extreme price levels, and trends that have reached strong exhaustion levels.
229 USD
VAP Volume at price
Savio Araujo
Trades sabem da importância em se observar as variações de volume e como isso pode ser determinante para entender como o mercado irá se movimentar. Informações quanto ao volume negociado, a frequência dos negócios concretizados e a correlação entre compradores e vendedores num determinado momento do mercado expandem nossa visão de volume e podem melhorar significativamente a assertividade de nossas análises.  O Volume at Price (or VAP) é um indicador de acumulação que mostra o volume total de ne
180 USD
VolumeProfile MT5
Robert Hess
Descption: The Volume Profile displays detailed informations of historical trading activities at certain price levels. So you can locate the areas with the best prices in the market and get an advantage about other market participants. Features: Customizable Volume Profile Shows the "fair" Value Area with 70% of all Volume Shows critical low volume zones Shows VPOC, VAL and VAH Points Works on all timeframes Also available for MT4 Settings: Variable  Standard Value Description Bar Hist
120 USD
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