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New Trading Dimensions Chart

The main purpose of the indicator is to detect and mark on a chart the following trade signals described in "New Trading Dimensions":

  1. Bullish and bearish reverse bars with angulation (including squat).
  2. Bars in the green and red zones according to the histogram color of Awesome Oscillator and Accelerator Oscillator.
  3. Bars in the grey zone, when the Awesome Oscillator and Accelerator Oscillator histograms below these bars have opposite directions.
  4. Blue squat bars on chart independent of the color of the Awesome Oscillator and Accelerator Oscillator histograms.
  5. Levels of "important" fractals relative to the "Teeth line" of the Alligator indicator.
  6. Drawing angulation rays from the balance line to a "reverse" bar with angulation.
  7. Signals of the "Fifth consequent bar in the zone" of the Awesome Oscillator and Accelerator Oscillator indicators.
  8. Divergence signals. Automatic drawing of divergences on price peaks and lows at forming of "reverse bars" in those zones.
  9. Signals of "Balancing Line" considering zoning of indicators Аwesome Оscillator and Аccelerator Oscillator.
  10. Signals of crossing the zero line by the indicator AwesomeOscillator and improved signals "Blue Light Special".

The indicator is developed in accordance with the strategy described by B. Williams' "New Trading Dimensions". After the publication of B. Williams' last book "Trade Chaos, second edition", the AC signals are canceled; and the bars are now colored only according to the color of the Super AO and MFI indicators. Nevertheless, the pattern is still actual and widely used at present time.

Legend:

  • Blue bar - squat bar.
  • Red or green star on a bar - the bar has signs of a "reverse" bar.
  • A red bar of any direction - a bar in the zone of negative momentum and acceleration indicators.
  • A green bar of any direction - a bar in the zone of positive momentum and deceleration indicators.
  • A grey bar is formed when the AC and AO histograms have different colors.
  • Fractal icons located above (below) the Teeth line of the Alligator indicator have brighter color.
  • А, В, С points and angulation rays from the reverse bar to the balance line. Lines of rays are dashed if the angulation is doubtful. Bold lines are drawn if the angulation is clear.
  • Red pointer on the bar indicates the signal bar of sell higher or lower the balancing line considering zoning of the indicators Аwesome Оscillator and Аccelerator Oscillator.
  • Green pointer on the bar indicates the signal bar of buy higher or lower the balancing line considering zoning of the indicators Аwesome Оscillator and Аccelerator Oscillator.
  • Green squares over bars mark the bars situated over the Awesome Oscillator histogram crossing the zero line from negative quantities to positive ones and also "Blue Light Special" signals on crossing the zero line bottom-up by the indicator Awesome Oscillator.
  • Red squares over bars mark the bars situated over the Awesome Oscillator histogram crossing the zero line from positive quantities to negative ones and also "Blue Light Special" signals on crossing the zero line top-down by the indicator Awesome Oscillator.

This indicator is a part of an integral trade complex. It forms a pattern according to the strategy "New Trading Dimensions". It is recommended to use the indicator together with the following software:

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