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Registered User
Joined: 4/5/2008
Posts: 173
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http://www.worden.com/training/Default.aspx?g=posts&t=22558
I use the above chart and wanted to read the post where it came from but when I paste it into my browser I get the main discussion page - How can I find the post - Yes I have tried searching post 22558 but get no hits.
What I really wanted was to find out more about the MFI (Market Facilitation Index) that is used in teh chart. In William's books he has the MFI as colored one of 4 colors depending upon the volume and price movement.
Ash
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The correct URL for the Alligator Oscillator topic is:
http://forums.worden.com/Default.aspx?g=posts&t=22558
-Bruce
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Registered User
Joined: 4/5/2008
Posts: 173
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Bruce, Thanks for the link but could not find anything on the MFI. I would like to color it as follows ...
Mfi colors -
NOTE data to color bars is ONE day back (no more)
Volume UP and MFI UP = green bar
Volume DOWN and MFI DOWN = grey bar
Volume DOWN and MFI UP = red bar
Volume UP and MFI DOWN = blue bar
Also while I am at it I have many rules on my screen and on my laptop they go off the page (smaller screen) - is there a way to scroll them or still use the rules but not have them on the screen?
thanks
Ash
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I do not know of a way to not have the Rules on the screen, but if you select Show/Hide Rule Palette, you should be able to display them vertically in a window.
I've added your coloring to the Bill Williams Chart. You should be able to Open the attached Chart directly into a running copy of StockFinder. If you right-click on the Market Facilitation Index, you should be able to select Edit Colors | Edit (to the right of where Paint Indicator using RealCode is checked) to view the RealCode used to Paint the MFI.Attachments:
Bill_Williams.sfChart - 127 KB, downloaded 735 time(s).
-Bruce
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Registered User
Joined: 4/5/2008
Posts: 173
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thankyou ...
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
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 Platinum Customer
Joined: 3/31/2006
Posts: 3,207
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Bruce,
Where can I read on what these indicators are doing? Some of these codes are still hard to understand so I am looking to see if there is any description on what the Awesome Osc or the other ones?
thx
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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thnkbigr,
You could do a web search. I really don't know how they are supposed to be interpreted and you know I couldn't tell you even if I did.
As to their calculation:
Jaw: 25-Period Exponential Moving Average of Median Price shifted 8-Bars to the right.
Teeth: 15-Period Exponential Moving Average of Median Price shifted 5-Bars to the right.
Lips: 9-Period Exponential Moving Average of Median Price shifted 3-Bars to the right.
Fractal Top: Central high with two decreasing highs is both directions.
Fractal Bottom: Central low with two increasing lows in both directions.
Awesome Oscillator: Simple raw MACD 5, 34 of Median Price.
Accelerator Decelerator Oscillator: Simple MACD Histogram 5,34,5 of Median Price.
Alligator Oscillator Top: Absolute Value of Jaw minus Teeth.
Alligator Oscillator Bottom: Negative Absolute Value of Jaw minus Lips
Market Facilitation Index: A meaningless factor multiplied by the Ratio of Range to Volume.
-Bruce
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Registered User
Joined: 4/5/2008
Posts: 173
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thnkbigr the alligator, awesome oscillator etc come from Bill Williams Trading Chaos books and tutorials.
Most people buy the book and try to recreate the system in it - most fail because ... well most fail because most traders fail.
I became a student of his in 2004. His stuff works - period.
It took me well over a year to "get it" and I still find new gems hidden in my notes.
Anyway - hope that helps
Ash
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Platinum Customer
Joined: 3/31/2006
Posts: 3,207
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Thanks guys
I'll look into it
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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thnkbigr,
You're welcome. Our pleasure.
-Bruce
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