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Larry Williams Large Trade Index (LWTI) [Loxx]

Larry Williams Large Trade Index (LWTI) [Loxx] is an indicatory by Larry Williams as explained in his book "Trade Stocks and Commodities with the Insiders: Secrets of the COT Report". I've added optional smoothing if you wish to smooth the output.

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

MovingAvg(Close - Close[Period], bars used in average)/MovingAvg(Range,bars used in average)*50 + 50

Included
  • Bar coloring
  • Signals
  • Alerts
largetrendindexlwtiOscillatorstrendTrend AnalysisWilliams %R (%R)

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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