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The Bill William's Formulas in Metastock 8.01 are correct.
The formulas in trader's on line are often suspect because they're
written by people with various levels of understanding and sometimes
that understanding is rather shallow.
Willam's sells his formulas so you can buy them from him, or you can
upgrade to Metastock 8.01. The good stuff costs money. But the point
of trading is to make money. The trades aren't free.
You don't need a formula for fractals. You look at your charts and if
you can't identify a fractal situation you shouldn't be trading. It's
simply counting to five and looking for the progression.
AO, AC and balance lines are in Metastock. William's doesn't sell a
system. He sells a method of analysis. You still have to judgement to
use the his indicators.
John Clayburg's book Four Steps to Trading Success is better and
teaches a simpler more accurate system for finding entry and extit
points. In addition, his directional day filter keeps you trading
with the market trend. I sometimes combine the AO with the two time
frame three indicator system Clayburg uses. The the AO actually
contributes more than a MACD Histogram.
Good luck, you'll need it.
JO
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