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Published:

2018.10.25 15:28

Pro_Go.mq5 (15.06 KB) view

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Larry Williams' Pro-Go oscillator is intended for daily charts and can be used to detect discrepancies between actions of professional players directed at raising/lowering rates and price. In general, if Professional line is below Public one, it is a buy signal.

The indicator has three input parameters:

Period - calculation period
Overbought - overbought level
Oversold - oversold level

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22091

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