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LW Proxy
Summary: The Larry Williams as explained in his book "Trade Stocks and Commodities with the Insiders: Secrets of the COT Report". It is an inverse oscillator that attempts to identify trend reversals
LW Proxy
Since this indicator is an inverse indicator, potential entry points are found when the oscillator goes below zero from above, and sell indications when the oscillator rises above zero.
The indicator can also be used to spot divergences with the price action, therefore signalling a potential reversal.
Products & Properties
The following properties are available to access:
| Product Name | Product Variable | Properties |
|---|---|---|
| LWProxy | lwp | value |
The parameters of the indicator's calculations can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under "LW Proxy" Procedure Loop.
Example:
This indicator can be used to enter a trade when the value rises below the Zero line from above:
chart.at30min.lwp.value < 0 && chart.at30min.lwp.previous.value > 0 Maintainer:
Undulated Data Mine — TOC
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2. DIDI
3. PPO
3. GAPO
5. Qstick
6. T3 Velocity
10. Fisher Ribbons
11. AK MACD BB
13. LW Proxy
14. TDFI