Nonlagdot is an indicator, which gives an interpretation of market trends. Notation of trends is conducted in accordance with dominant market forces.
If the bulls (buyers) are dominant, it will be marked with green dots on a chart. In the case of dominance of the bears (sellers) on the schedule this will be indicated by red dots. Please remind of changing the way the returned values are set on chart (set them to points, not lines) and change the color accordingly to the trend direction.
(description found on internet). Converted from Metatrader4 version by request on forums.
//PRC_NonLagDot | indicator //23.12.2016 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //Converted from MT4 version // --- parameters Price = customclose //Length = 10 //Filter = 0 //Deviation = 0 // --- cCycle= 4 if barindex>Length then pi=3.1415926535 Coeff= 3*pi Phase=Length-1 Len=Length*cCycle + Phase Weight=0 Sum=0 t=0 for i =0 to Len-1 do g=1.0/(Coeff*t+1) if (t<=0.5) then g=1 endif beta=Cos(pi*t) alfa=g * beta pprice = price[i]//average(price)[i] Sum=Sum+(alfa*pprice) Weight=Weight+alfa if(t < 1) then t=t+(1.0/(Phase-1)) elsif (t < Len-1)then t=t+((2*cCycle-1)/(cCycle*Length-1)) endif next if (Weight > 0) then MABuffer=(1.0+Deviation/100)*Sum/Weight endif if (Filter>0) then if(Abs(MABuffer-MABuffer) < Filter*Pointsize) then MABuffer=MABuffer endif endif endif return MABuffer
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