kvak wrote: Wed Feb 21, 2024 8:08 am 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.
With inverted option and option use 50 level or floating zero level.
Also this indicator have possibly smoothing calculation ( open/close price)

ixion700 wrote: Tue Feb 20, 2024 6:28 pm Larry Williams Proxy Index

mrtools wrote: Wed Feb 21, 2024 5:15 am the version with the dash is inverted

kvak wrote: Wed Feb 21, 2024 8:08 am With inverted option and option use 50 level or floating zero level.
Also this indicator have possibly smoothing calculation ( open/close price)

ixion700 wrote: Wed Feb 21, 2024 4:54 pm Thank you very much, dear Kvak. The main idea of a signal by this indicator is a midline cross. In the picture attached the top and bottom values of the oscillator are (-25.2) and (-66.7). So the real midline is not 50 it is (66.7+25.2) /2= 45.9 . These numbers change when the last candle is closed so the old midline should be removed and a new midline is calculated-drawn. LWPI users do this process manually. I wonder if that's possible to be done by indicator, removing the old mid then drawing it again for the new candle. The color change on crossing such mid line would be very cool.

BeatlemaniaSA wrote: Wed Feb 21, 2024 5:29 pm Wouldn't it be better to have a dynamic midline similar to the MBL in the TDI? Rather than drawing a midline, deleting it on the candle close, and then redrawing it for the new candle.

mrtools wrote: Wed Feb 21, 2024 11:32 am This is Larry Williams Commerical Proxy Index(cpi) inverted and kind of normalized. For now has 5 moving averages to choose from in calculation plus smoothing and added some deviation type bands, where the cpi is colored on the cpi and band midline cross. Also added a zero-cross filter for filtering of entries.

ixion700 wrote: Wed Feb 21, 2024 4:54 pm Thank you very much dear Kvak. The main idea of a signal by this indicator is midline cross. In the picture attached the top and bottom values of the oscillator are (-25.2) and (-66.7). So the real midline is not 50 it is (66.7+25.2) /2= 45.9 . These numbers change when last candle is closed so the old midline should be removed and a new midline is calculated-drawn. LWPI users do this process manually. I wonder if that's possible to be done by indicator, removing the old mid then draw it again for the new candle. The color change on crossing such mid line would be very cool.

ixion700 wrote: Wed Feb 21, 2024 10:03 pm A comparison between the last versions of LWPI made by our great coders mrtools & kvak. Everything in mrtools version is default (period=50 SMMA=2) except for the bands deviation which I set to 1.6 and removed the zero line filter.

Kvak's version period is set to 5 and everything else is the same.

The results look very amazing! Thank you guys you are awesome! we are truly blessed to have you two here.

Jimmy wrote: Thu Feb 22, 2024 8:06 pm PS: Who knows, this topic may be the start of an indicator that will overtake both the TDI and RSI? Ha!