True Williams Alligator (Timeframe Multiplier) — Indicator by the_batman

bill_williams chaos alligator profitunity elliottwaves

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.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

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)