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.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)
Re: Larry Williams Commercial Proxy Index
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- BeatlemaniaSA
Think out of the box!