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LWTI.mq5 (13.24 KB) view

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An indicator of Larry Williams' COT index (LWPI), with a different calculation formula

It has one input parameter:

Calculation:

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

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20336

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LWTI - indicator for MetaTrader 5