OPEN-SOURCE SCRIPT
Updated AO/AC Zones (Log Price)
William's AO/AC Zones scaled to work with log-price AO/AC indicators.
When the log AO and log AC are green = price bar is painted green
When the log AO and log AC are different = price bar painted gray
When the log AO and log AC are red = price bar painted red
Useful for seeing when momentum is beginning to increase or decrease, and direction on the AO/AC could be changing. Can also be used with William's standard entry and exit signals. Works with the log indicators, made for volatile and long-term charts which exhibit logarithmic trends.
When the log AO and log AC are green = price bar is painted green
When the log AO and log AC are different = price bar painted gray
When the log AO and log AC are red = price bar painted red
Useful for seeing when momentum is beginning to increase or decrease, and direction on the AO/AC could be changing. Can also be used with William's standard entry and exit signals. Works with the log indicators, made for volatile and long-term charts which exhibit logarithmic trends.
Release Notes
Fixed issue where the zones were not lined up correctly with the indicatorsOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Find me on x.com/intuit_trading
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Find me on x.com/intuit_trading
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.