AC Chart Indicator
Indicator displays the graph signals Accelerator Oscillator (AC) according to the Bill Williams strategy.
Histogram AU – a 5-period simple moving average, plotted on a difference between the value of the histogram 5/34 AO and 5-period simple moving average, taken from this histogram.
Interpretation of the AC based on the following rules – if the AC is above the zero line, it is believed that the market will continue to accelerate the upward movement. The same rule applies for downward movement, if the AC is below the zero line. market growth signals confirmed by two green indicator bars (coming one after the other), when AC is above the zero line. An indication of the market decline are two red bars (one by one), when AC is below the zero line.
An aggressive approach to interpreting AC
When the AC is on the opposite side of the zero line (for a long position – below the zero line, and vice versa, in the case of short positions), an additional bar is necessary to confirm the movement of the market. As a result, when the AC is below the zero line, the possibility of opening a long position, must be at least three green bars that appear one after the other below the zero line, and vice versa, in the case of short positions.
1. Signals to buy arise when:
- value of the indicator above the zero line and it grows at the current bar and the previous;
- value of the indicator below the zero line and it grows at the current bar and the previous two.
2. Signals for sale arise when:
- indicator value and below the zero line is reduced by the previous and current bar;
- indicator value is above the zero line and reduces it on the current bar and the previous two.
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