Wiseman

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Wiseman

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The Wiseman indicators group are provided by Profitunity and were developed by Bill M. Williams. Profitunity is an educational partner and offers courses on using the Wiseman indicators on their website www.profitunity.com.

tog_plus        Wiseman Alligator

Description

The Wiseman Alligator is an indicator that consists of 3 moving averages with offsets applied to identify trend absence, formation, and direction.

 

Display and using the Wiseman Alligator

With the default values the blue line is the jaw, the red line is the teeth, and the green line is the lips. As these lines are intertwined, the alligator is sleeping and the market is consolidating. As they spread apart and continue to move in the same direction, a strong trend is indicated in the market.

 

WisemanAlligator

 

Wiseman Alligator Properties

Jaw period

The moving average period of the blue jaw line

Teeth period

The moving average period of the red teeth line

Lips period

The moving average period of the green lips line

Jaw offset

The offset of the blue jaw line

Teeth offset

The offset of the red teeth line

Lips offset

The offset of the green lips line

tog_plus        Wiseman Awesom Oscillator

Description

The Wiseman Awesome Oscillator is a momentum indicator to identify trends and reversals.

 

Display and using the Wiseman Awesome Oscillator

As the oscillator is below zero the market is considered a bear market. As the oscillator is above the zero it is a bull market. The oscillator is colored green when the value is greater than the previous bar and it is colored red when the value is less than the previous bar.

 

WisemanAwesomeOscillator

 

Wiseman Awesome Oscillator Properties

Width

The width of the bars

Color up

Color for bar values higher than the previous bar

Color down

Color for bar values lower than the previous bar

 

 

Note: For information on the Bar color properties, please contact www.profitunity.com.

 

tog_plus        Wiseman Fractal

Description

The Wiseman Fractal identifies areas of reversals. This is signaled by highs surrounded by bars with lower highs or lows surrounded by bars with higher lows.

 

Display and using the Wiseman Fractal

A green arrow is formed when there is a high surrounded by lower highs per the Strength input.

A red arrow is formed when there is a low surrounded by higher lows per the Strength input.

 

WisemanFractal

 

Wiseman Fractal Properties

Strength

How many bars out to the sides with lower highs of a high bar or higher lows of a low bar to indicate a reversal

Offset (ticks)

How many tick from the high/low to place the pivot market

High pivot color

Color for bearish reversal pivots

Low pivot color

Color for bullish reversal pivots