PROTECTED SOURCE SCRIPT
Larry Williams 9.1 Setup [Stormer Filter]
Title: Larry Williams 9.1 Setup [Stormer Filter]
Description: Overview This script is designed for Position Traders seeking to capture major trends, specifically optimized for the Weekly Timeframe. It is based on the classic Larry Williams 9.1 Setup, enhanced with a Trend Filter as described in the "Stormer Setups Manual" methodology.
Mathematical Logic The indicator removes subjectivity by monitoring two conditions:
The Trigger (Setup 9.1): It detects when the 9-period Exponential Moving Average (EMA) turns UP.
Rule: Current EMA9 > Previous EMA9 AND Previous EMA9 < EMA9 (2 bars ago).
The Trend Filter (Stormer's Rule): To increase the Mathematical Expectation of the trade, the signal is only valid if the Close price is ABOVE the EMA 80. This ensures we are trading in favor of the primary trend.
Visual Guide
Green/Red Line: EMA 9. Green when rising, Red when falling.
Gray Line: EMA 80 (Long-term Trend).
Yellow Bar + "BUY" Label: Indicates the setup is armed.
Dashed Green Line: Automatically plots the entry point (High of the signal bar + 0.01).
How to Operate (Position Trade)
Timeframe: Weekly (1W) is recommended.
Entry: Place a Buy Stop order at the break of the Yellow Bar's high.
Stop Loss: Initially at the low of the Yellow Bar.
Disclaimer: This tool is for educational purposes and assists in decision-making. It does not constitute financial advice. Always use proper risk management.
Description: Overview This script is designed for Position Traders seeking to capture major trends, specifically optimized for the Weekly Timeframe. It is based on the classic Larry Williams 9.1 Setup, enhanced with a Trend Filter as described in the "Stormer Setups Manual" methodology.
Mathematical Logic The indicator removes subjectivity by monitoring two conditions:
The Trigger (Setup 9.1): It detects when the 9-period Exponential Moving Average (EMA) turns UP.
Rule: Current EMA9 > Previous EMA9 AND Previous EMA9 < EMA9 (2 bars ago).
The Trend Filter (Stormer's Rule): To increase the Mathematical Expectation of the trade, the signal is only valid if the Close price is ABOVE the EMA 80. This ensures we are trading in favor of the primary trend.
Visual Guide
Green/Red Line: EMA 9. Green when rising, Red when falling.
Gray Line: EMA 80 (Long-term Trend).
Yellow Bar + "BUY" Label: Indicates the setup is armed.
Dashed Green Line: Automatically plots the entry point (High of the signal bar + 0.01).
How to Operate (Position Trade)
Timeframe: Weekly (1W) is recommended.
Entry: Place a Buy Stop order at the break of the Yellow Bar's high.
Stop Loss: Initially at the low of the Yellow Bar.
Disclaimer: This tool is for educational purposes and assists in decision-making. It does not constitute financial advice. Always use proper risk management.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.