I am not sure if I understand this indicator how tu use correctly and maybe some menu are not useful, but here is version for test.ixion700 wrote: Wed Feb 21, 2024 6:03 am They look close enough with sma, smma and lwma but with ema and tema there are some small differences that may become an issue with new other averages. Since the reverse isn't the first priority for me, I'd say lets stick to the original version. Btw mrtools, there is another issue that every user of LWPI faces and that's about the mid line. 50 is not the exact mid, actually the mid line is sum of high and low of the oscillator divided by 2, changing every candle and most of the time it moves between 44-49. Is it possible to calculate the mid every time a candle closes and repaint the new mid? That would make a dynamic mid line which i have never seen in any indicator! Eager to know your opinion.
With inverted option and option use 50 level or floating zero level.
Also this indicator have possibly smoothing calculation ( open/close price)