MetaTrader 5
Experts
Indicators
Scripts
Libraries
Storage
Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 6513
- Rating:
- Published:
- Updated:
-
You are missing trading opportunities:- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration Log inYou agree to website policy and terms of use
If you do not have an account, please register -
Need a robot or indicator based on this code? Order it on Freelance
Go to Freelance
An indicator of Larry Williams' COT index (LWPI), with a different calculation formula
It has one input parameter:
- Period - calculation period
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