INVITE-ONLY SCRIPT
AIMS Purple Magic
The Alligator is a Very Powerful Indicator
Some people think it's just 3 moving averages. But in reality, it is far more than that.
Read more about Alligator and Bill Williams
The Purple Magic Line has been derived from Bill Williams Alligator. Together the Alligator we call the AIMS Gator.
It is a smooth moving average based on the Chaos Red Line of the 5 times higher time frame.
Our Mantra: If you trade in line with the trend of the 5 times higher time frame, you will have a higher chance of catching breakouts in the direction of the trend.
So we have this rule, Always Trade when Price is Going Away from The Purple Line. Simple as that.
Buy Only: Price above the Purple Line
Sell Only: Price below the Purple Line.
What is The Alligator?
The Alligator Indicator was developed by Bill Williams and combines moving averages with fractal geometry.
The indicator helps traders to identify if the market is trending.
Each has different lookback periods and offsets that can be set by the user.
The alligator is easy to use and can find trade setups, based on how close together or how far apart the lines are, resembling an alligator opening and closing his mouth. This indicator can be used in combination with other analysis techniques.
Based on calculations of Non-Linear mathematical formula we have arrived at a way to calculate the Trend of the 5 times higher time frame
The Purple Magic Indicates :
The Trend of Current and 5 times higher time frame
It helps prevent trading into Wave 4
It helps with counting Wave 3 and 4
You can use it to time early entry into Wave 5
The bounce of Purple after a wave 3 is often a 50% fib retracement.
Examples:
In the picture below you see an M5 chart and M1 chart.
On the left side, you see Alligator Red Line on the 5-minute chart
on the right side, you see The Purple Magic line. Which depicts the same price regions.
This is the Sweet Spot where we take trades.
In line with The Awesome oscillator if you time your entries based on a pullback towards the purple, it can be a system on its own. Nothing else required. But we have a better method.
When we put together, AIMS The Box, AIMS The Gator, and AIMS The Wave indicators, things work even smoother.
For more information visit the link below.
Some people think it's just 3 moving averages. But in reality, it is far more than that.
Read more about Alligator and Bill Williams
The Purple Magic Line has been derived from Bill Williams Alligator. Together the Alligator we call the AIMS Gator.
It is a smooth moving average based on the Chaos Red Line of the 5 times higher time frame.
Our Mantra: If you trade in line with the trend of the 5 times higher time frame, you will have a higher chance of catching breakouts in the direction of the trend.
So we have this rule, Always Trade when Price is Going Away from The Purple Line. Simple as that.
Buy Only: Price above the Purple Line
Sell Only: Price below the Purple Line.
What is The Alligator?
The Alligator Indicator was developed by Bill Williams and combines moving averages with fractal geometry.
The indicator helps traders to identify if the market is trending.
- It consists of 3 lines: the blue line (aka the Alligator's Jaw),
- the red Line (aka the Alligator's Teeth) and
- the green Line (aka the Alligator's Lips).
Each has different lookback periods and offsets that can be set by the user.
The alligator is easy to use and can find trade setups, based on how close together or how far apart the lines are, resembling an alligator opening and closing his mouth. This indicator can be used in combination with other analysis techniques.
Based on calculations of Non-Linear mathematical formula we have arrived at a way to calculate the Trend of the 5 times higher time frame
The Purple Magic Indicates :
The Trend of Current and 5 times higher time frame
It helps prevent trading into Wave 4
It helps with counting Wave 3 and 4
You can use it to time early entry into Wave 5
The bounce of Purple after a wave 3 is often a 50% fib retracement.
Examples:
In the picture below you see an M5 chart and M1 chart.
On the left side, you see Alligator Red Line on the 5-minute chart
on the right side, you see The Purple Magic line. Which depicts the same price regions.
This is the Sweet Spot where we take trades.
In line with The Awesome oscillator if you time your entries based on a pullback towards the purple, it can be a system on its own. Nothing else required. But we have a better method.
When we put together, AIMS The Box, AIMS The Gator, and AIMS The Wave indicators, things work even smoother.
For more information visit the link below.
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作者的说明
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系iTradeAIMS。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。