Larry William's Indicator Required

[Larry William's Indicator Required]

Data1 is quotes/charts of one instrument and data2 is quotes/charts of another instrument.

 

Sorry for the confusion, that was clear. What i mean is that i dont know the underlyings.

 

Willimas Will-Spread is based on the Spread between Gold an Bonds, with Bonds as Data 1. But i dont know what he trades with Will-Val.

[Larry William's Indicator Required]

Knytt : do you know how would that be for Tradestation ? cheers Walter.

 

 

@Walter

 

This is the code in Tradestation, but dont ask me what data1 and data2 is.

 

Inputs: Price(Close of Data1/Close of Data2),Len1(22), Len2(2), 
Len3(365), Buyzone(20), Sellzone(75);

Value1 = XAverage(Price*100,Len1);
Value2 = XAverage(Price*100,Len2);
Value3 = Value1 - Value2;
Value4 = (Value1-Value2) - Lowest(Value3,Len3);
Value5 = Value4 / Highest(Value3,Len3) - Lowest(Value3,Len3);

Plot1(Value5, "Wil-Val");
Plot2 (BuyZone,"BuyZon");
Plot3(SellZone,"SellZon");

[Collaboration to design a new indicator?]

Yes, go to File->New->Window->Easy Language->Indicator and paste the above code. Then verify it with F3.

[Collaboration to design a new indicator?]

Hi, you could try it realtime with

 

inputs: 
UpColor(green), 
DownColor(red); 

variables: 

MyVol(0), 
Color(yellow), 
intrabarpersist MyCurrentBar(0), 
intrabarpersist VolumeAtBid(0), 
intrabarpersist VolumeAtAsk(0), 
intrabarpersist BAVolDiff(0), 
intrabarpersist VolTmp(0); 

if LastBarOnChart then begin 
  	MyVol = Iff(BarType < 2, Ticks, Volume); 
if CurrentBar > MyCurrentBar then begin 
	VolumeAtBid = 0; 
	VolumeAtAsk = 0; 
	BAVolDiff= 0; 
	VolTmp = 0; 
	MyCurrentBar = CurrentBar; 
end; 
if InsideBid < InsideAsk then begin 
	if Close <= InsideBid then 
		VolumeAtBid = VolumeAtBid + MyVol - VolTmp 
	else if Close >= InsideAsk then 
		VolumeAtAsk = VolumeAtAsk + MyVol - VolTmp ;  
	end; 
if VolumeAtBid > 0 and VolumeAtAsk > 0 then	BAVolDiff= VolumeAtAsk-VolumeAtBid ; 
VolTmp = MyVol ; 
end ; 
if BAVolDiff<= 0 then color = DownColor else color = UpColor; 

plot1(BAVolDiff, "BAVolDiff", color); 
Plot2( 0, "ZeroLine" ) ; 

 

Make sure that you use Trade Volume on Format Symbol.

 

Regards

[Free indicator for eSignal?]

The old efs Price Profile from futurenets.

 

eSignal Central Forums

 

For an good Volume Profile search at Chris Folder at

 

eSignal File Share [specialty Scripts - Volume Profile (Realtime)]