Indicators play an important role in technical analysis. The implementation of indicators on the price chart provides the trader with a lot of information about the price of a commodity or currency. These technical indicators have different types that the trader can choose from according to his trading strategy.
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Bill Williams was an American trader who created and introduced widely used indicators for use in various financial markets. In this article, we are going to introduce you to Bill Williams, the creator of Bill Williams technical indicators.
Indicator creator Bill Williams
Bill Williams, born in 1932, with more than 50 years of trading experience in commodity markets, has written many books on the psychology of trading, “chaos theory” and technical analysis of financial markets. In addition, the result of his research led to the formation of important indicators for use in different financial markets. Indicators that gained a lot of fame and have countless fans due to their efficiency.
Williams’ university education was in the field of engineering physics and a doctorate in psychology. Because of this, he had a great ability to analyze behavior in financial transactions. This article was the basis of all his studies and research in the field of investment markets.
Bill Williams, relying on business psychology, believed that financial instruments are never 100% predictable. He believed that the best way to make money from investment markets is to focus on behavioral aspects. He considered himself a trend trader who tries to find favorable points for trading with the continuation of a trend.
Bill Williams indicators
Williams has introduced several different indicators for use in financial markets, each of which provides specific information to individual traders by performing various calculations. In the following, we will introduce each of these indicators.
An oscillator is a special type of technical indicator that is displayed in a lower layer of the price chart. Accelerator Oscillator (AC) shows the speed of fluctuations in the price of an asset in the market. This oscillator acts as an early warning of possible market changes.