Wise Man (Wise)

This study is described in chapter nine, "The First Wise Man," of Trading Chaos: Maximize Profits with Proven Technical Techniques by Bill Williams and Justine Gregory-Williams (2^nd ed. 2004, John Wiley & Sons, Inc.).

Wise Man Parameters

•      Display

•      Squat: Represents explosive situations where smaller bar ranges accompany increasing volume. In other words, the Market Facilitations Index (Range/Volume) is increasing. Values are none, tick (used for charts with bars shorter than daily), and vol (used for charts with bars of daily or longer).