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OPEN-SOURCE SCRIPT

Larry Williams Proxy Index (LWPI) [Loxx]

Larry Williams Proxy Index (LWPI) [Loxx] is an indicatory by Larry Williams as explained in his book "Trade Stocks and Commodities with the Insiders: Secrets of the COT Report", pages 129-135. This is an INVERSE indicator, so follow the signals and colors to understand what it's doing. I've added optional smoothing if you wish to smooth the output.

What is the Larry Williams Proxy Index (LWPI)?
The original concept was specifically based on Trader (or Market) Sentiment and predicting market reversals. It's calculated as follows:

MovingAvg(Open-Close, bars used in average)/MovingAvg(Range, bars used in average)*50+50

Included
  • Bar coloring
  • Signals
  • Alerts

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

loxx
Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: patreon.com/algxtrading/membership
또한 다음에서도:
lwpiOscillatorstrendTrend AnalysisWilliams %R (%R)

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
lwpiOscillatorstrendTrend AnalysisWilliams %R (%R)

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

loxx
Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: patreon.com/algxtrading/membership
또한 다음에서도:

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.