Bill Williams Indicators
Bill Williams’ took a different turn at trading in the market and his style of trading has become very popular in recent years. Bill Williams in his book “New Trading Dimensions” believed that the traders lose trades because of the market’s reliance in the extended reliance. Bill Williams noted that such some of the market rules in place don’t really produce results and as such called them useless and even dangerous. He made some clear emphasis on the changing market climates and that relying on patterns and theories used in the past can be dangerous. The very structure of the market should be known to traders if they must succeed in the trading world.
Bill Williams went on to postulate that success can be achieved by exploring the market in five dimensions:
- Fractal (space)
- The driving force (power)
- Acceleration / deceleration (power)
- Zones (strength and power)
- Balance Line (balance)
Every measurement adds additional requirements to the general picture of the market.
Bill Williams clearly stated that very important market techniques can be used in analyzing price actions which in turn can help capture no less than 80% of market move.
Bill Williams have written 3 trading books
- Chaos Trading
- New Trading Dimensions and
- Trading Chaos (2nd edition)
Just like in the 3rd book, Trading Chaos, it shows more refined trades setups such
Wiseman 1, Wiseman 2 et al.
Every measurement adds lots of information to the overall picture of the market.
The MetaTrader Bill Williams indicators are embedded free on the MetaTrader 4 platform for investors use. On the MetaTrader 4 you can view all the Bill Williams indicators by going to Insert > Indicators > Bill Williams
There you will find these indicators: