Larry Williams Commercial Proxy Index

Re: Larry Williams Commercial Proxy Index

mrtools wrote: Mon Feb 26, 2024 1:55 am Alerts and on/off button added.

Awesome! Thanks mrtools

Millionaire Maker - “Amateurs chase. Professionals wait. Legends wait with a plan.”

BEATS V5 - "Enjoy The Quiet Between Trades”
Improve Your Trading Psychology - No fear, no doubt
Ultimate Risk Management - Maximize Your Trades
Supply and Demand Course - Learn Supply and Demand

Re: Larry Williams Commercial Proxy Index

32 by kvak

ixion700 wrote: Sun Feb 25, 2024 3:44 am EUROUSD with floating zero line, averages and(Close: HLCO/4) looks beautiful. The price type option helps explore new ideas. For those interested if you set (Open: Median)(Close: Close) you will end up with a variation of Chartmill value indicator(CVI) which was introduced in 2013! Btw dear Kvak in attached CVI the ATR is multiplied by the square root of period. I think that method may be useful for LWPI too. Could you add it as an option please? Something like "ATR Multiplied: False/True". We can test if it helps with long or short periods.
A thousand Thanks for this indicator.

Sorry for delays, here is your mod with menu for this calculations with some extras too... Test it.

lwpi( + smoothed)1.1 mod.ex4 Downloaded 345 times 371.93 KiB

These users thanked the author kvak for the post (total 8):: 太虚一毫, Jimmy, RodrigoRT7, BeatlemaniaSA, ixion700, Akela, moey_dw, boytoy

boytoy

Re: Larry Williams Commercial Proxy Index

33 by boytoy

josi wrote: Sun Feb 25, 2024 2:20 am Pretty much perfect, now, I think. Look at this difficult (mostly ranging) chart - still: very tradable with your indicator.

One of the best trading indicators now hands down I can't understand how or why this works on the 1 min time frame but it does. All credit to the project by you guys and coders just blown away

These users thanked the author boytoy for the post (total 2):: josi, Jimmy

SijjiN

Re: Larry Williams Commercial Proxy Index

34 by SijjiN

ixion700 wrote: Sun Feb 25, 2024 3:44 am EUROUSD with floating zero line, averages and(Close: HLCO/4) looks beautiful. The price type option helps explore new ideas. For those interested if you set (Open: Median)(Close: Close) you will end up with a variation of Chartmill value indicator(CVI) which was introduced in 2013! Btw dear Kvak in attached CVI the ATR is multiplied by the square root of period. I think that method may be useful for LWPI too. Could you add it as an option please? Something like "ATR Multiplied: False/True". We can test if it helps with long or short periods.
A thousand Thanks for this indicator.

I Liked this one version, some interesting stuff can be done here!!

These users thanked the author SijjiN for the post (total 2):: ixion700, Jimmy

chris006

Re: Larry Williams Commercial Proxy Index

35 by chris006

Hi mrtools,

Could you give us a version that additionally includes a separate moving average calculated on the LWPI?
Thanks in advance!

mrtools wrote: Sun Feb 25, 2024 6:09 am Added the averages and added an option to make the zero-line boxes coloring to be determined by a floating zero (controlled by a min max period) or just a regular zero. The floating example is in the first sub-window.

These users thanked the author chris006 for the post:: SijjiN

Re: Larry Williams Commercial Proxy Index

36 by mrtools

chris006 wrote: Thu Feb 29, 2024 9:08 pm Hi mrtools,

Could you give us a version that additionally includes a separate moving average calculated on the LWPI?
Thanks in advance!

If I am understanding you right the moving average used for the LWPI final value smoothing has this:

 input int                inpSmooth     = 2;                             // Smoothing Period

input enMaTypes          inpMaType2    = ma_smma;                       // Smoothing average type

It's the final smoothing value period and average type of the LWPI.

These users thanked the author mrtools for the post:: chris006

chris006

Re: Larry Williams Commercial Proxy Index

37 by chris006

I understand that if I use that smoothing input, the result will be equivalent to the ma I am requesting. But then I will not have the LWPI on the screen.
I am interested in the crossover of the LWPI and the ma, of course in relation to the bands as well.

The bands are calculated on the after-smoothed LWPI, correct? Could the requested ma be calculated on the non-smoothed LWPI (original value)?

mrtools wrote: Fri Mar 01, 2024 3:20 am If I am understanding you right the moving average used for the LWPI final value smoothing has this:

input int inpSmooth = 2; // Smoothing Period input enMaTypes inpMaType2 = ma_smma; // Smoothing average type

It's the final smoothing value period and average type of the LWPI.

Re: Larry Williams Commercial Proxy Index

38 by mrtools

chris006 wrote: Fri Mar 01, 2024 3:37 am I understand that if I use that smoothing input, the result will be equivalent to the ma I am requesting. But then I will not have the LWPI on the screen.
I am interested in the crossover of the LWPI and the ma, of course in relation to the bands as well.

Oh ok, something like a ma of the LWPI?