Indicators: VininI WPR FO
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2013.04.01 12:53
Stochastic indicator (Sto.chas.tic - sto kas'tik) was invented by C. Ralph Dystant (1902-1978) and George C. Lane (1921-2004). WPR was invented by Larry Williams but he uses Stochastic in some cases as an example of WPR :)
But Stochastic is more developed by many versions and more used than WPR for example.
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2013.03.29 18:59
You know - the classical approach of this asctrend system is the following: asctrend signal is confirmed if the following:
- WPRfast and WPRslow are agree with each other by same color on close bar.
This is the very very first asctrend system. I mean: everything was started from it. And the meaning of this system is the following: we should take some part of already existing trend to our profit. We can not tal all the trend. we can take just some part of the trend.
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2013.03.29 19:22
You can see - this is classical asctrend (very very first one) - MT4:
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2013.03.29 19:29
And this is Asctrend indicator and template for MT4 - attached.
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VininI WPR FO:
Smoothed Larry Williams' Percent Range using Inverse Fisher Transform.
This indicator generates definite buy and sell signals, as its value is close to +1 or -1 most of the time. We should buy when the indicator is crossing -0.5 upwards or 0.5 upwards, in case it has crossed -0.5 upwards some time before. We should sell when the indicator is crossing 0.5 downwards or -0.5 downwards, in case it has not crossed 0.5 downwards some time before.
Author: Nikolay Kositsin