the base indicator loooks an awful lot like RVI (it's been modified BTW)

ionone wrote: the base indicator loooks an awful lot like RVI (it's been modified BTW)

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ionone wrote: Thu Jan 15, 2026 2:50 am the base indicator loooks an awful lot like RVI (it's been modified BTW)
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"It might look like RVI at first glance, but the logic and mathematics behind it are completely different. This tool is my own modification of Larry Williams' concept (LWPI) – it measures the statistical deviation of price from its fair value rather than simple momentum. RVI will never 'clamp' the line to the edge or keep it flat during a strong price rally; here, the Clamping & Flattening function is key to filtering out market noise.

The signals are also structured differently because the system is based on Action-Reaction logic. The arrows always alternate (Buy -> Sell), which eliminates clutter on the chart during strong trends. Just a tip from me – if you crank up the parameters significantly, you'll see those arrows hitting bullseye targets, as the indicator starts catching only the most extreme reversal points. Throw it on a chart next to RVI, and you'll quickly spot the difference in price reaction. Good luck!"

PTR777 wrote: Thu Jan 15, 2026 2:02 am Who mentioned MS paint?

HAHA

88FX88 wrote: Thu Jan 15, 2026 5:04 am "It might look like RVI at first glance, but the logic and mathematics behind it are completely different. This tool is my own modification of Larry Williams' concept (LWPI) – it measures the statistical deviation of price from its fair value rather than simple momentum. RVI will never 'clamp' the line to the edge or keep it flat during a strong price rally; here, the Clamping & Flattening function is key to filtering out market noise.

The signals are also structured differently because the system is based on Action-Reaction logic. The arrows always alternate (Buy -> Sell), which eliminates clutter on the chart during strong trends. Just a tip from me – if you crank up the parameters significantly, you'll see those arrows hitting bullseye targets, as the indicator starts catching only the most extreme reversal points. Throw it on a chart next to RVI, and you'll quickly spot the difference in price reaction. Good luck!"

oh yeah I don't mean it's the same by any means, it just similar in computation (but just for the base signal)
thanks for the explanation !