True Williams Alligator (Timeframe Multiplier)
Modified version of the true alligator indicator (ie SMMA) that features a timeframe multiplier so that you can monitor the elliott wave of higher timeframes. (See original "True Williams Alligator" for more details.)
Note: First script submission. Didn't mean to use this chart. Also this is a duplicate post -- oops.
Note: First script submission. Didn't mean to use this chart. Also this is a duplicate post -- oops.
study("True Williams Alligator (Timeframe Multiplier)", overlay=true)
smma(src, length) =>
smma = na(smma[1]) ? sma(src, length) : (smma[1] * (length - 1) + src) / length
smma
multiplier = input(10, "Multiplier")
jawLength = 13 * multiplier
teethLength = 8 * multiplier
lipsLength = 5 * multiplier
jawOffset = 8 * multiplier
teethOffset = 5 * multiplier
lipsOffset = 3 * multiplier
jaw = smma(hl2, jawLength)
teeth = smma(hl2, teethLength)
lips = smma(hl2, lipsLength)
plot(jaw, "Jaw", #9FC5E8, offset=jawOffset, linewidth=1, style=line)
plot(teeth, "Teeth", #E6B8AF, offset=teethOffset, linewidth=1, style=line)
plot(lips, "Lips", #B6D7A8, offset=lipsOffset, linewidth=1, style=line)