PRO GO WILLIAMS

• 07/16/2017 at 8:25 PM #40820
  maximus78

  Ciao ragazzi, ho cercato di programmare l’indicatore Pro go di Williams secondo le sue istruzioni, ma qualcosa non mi torna (linea professional verde) guardando l’esempio di Williams allegato,

  secondo voi è corretto e se non lo è mi sapete dare le giuste istruzioni?

  Grazie mille in anticipo!

  Massimo

  Many, many years ago I wrote about how to separate public buying from professional buying. The essence of the technique was to create an A/D line for the public that shows
  the change from yesterday’s close to today’s open (i.e. ProGo Public). The professional A/D line is then constructed by using the change from today’s open to today’s close (i.e.
  ProGo Professional). Those two lines clearly “tip” us as to what is really going on.
  We can take this one step farther by simply constructing an index of the previous close to open +/- values and then taking a 14 day average which is plotted against a 14 day
  average of the +/- values of the open to close.
  I can see at least two ways to use this data, and there may be more. The first is to simply look for divergences between price and the Professional (Pro) index. Price lows not
  matched by the Pro index are bullish. New highs not matched by this index tend to be bearish.
  Additionally, crossings of these two indicators have given some excellent intermediate term buy and sell signal as the charts below depict. This can be used as an entry or timing
  technique with the rules as provided at the seminar.
  Even in today’s electronic markets, ProGo still holds true.

  Seguendo quello che scrive, il codice dovrebbe essere questo:

  public=close[0]-open[1]
  professional=open[0]-close[0]
  progopublic=average[14](public)
  progoprofessional=average[14](professional)
  return progopublic as “public”, progoprofessional as “professional”

   

   

   

   

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  GraHal

  

  maximus78

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  07/16/2017 at 11:21 PM #40835
  AVT

  Sorry, I don’t speak enough italian to write the answer in your language. Just an idea:

  open[0]  <– known when day starts

  close[0]  <– NOT known until end of day

  Put the whole data one day further back, for those days we have everything.

  Hope that helps.

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  denmar

  

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  07/17/2017 at 12:55 PM #40861
  AVT

  Code:

  Pro Go Williams

  // --- extern to play with it AvgPeriod=14 // opens & closes 1 day back pubs = ( Dclose(2) - Dopen(1) ) // yesterday close -> today open profs = ( Dopen(1) - Dclose(1) ) // today open -> today close pubsAvg = average[AvgPeriod](pubs) profsAvg = average[AvgPeriod](profs) return pubsAvg as "public", profsAvg as "professionals", 0 as "zero line"

  1 2 3 4 5 6 7

  // --- extern to play with it AvgPeriod=14                       // opens & closes 1 day back pubs = ( Dclose(2) - Dopen(1) )    // yesterday close -> today open profs = ( Dopen(1) - Dclose(1) )   // today open -> today close pubsAvg = average[AvgPeriod](pubs) profsAvg = average[AvgPeriod](profs) return pubsAvg as "public", profsAvg as "professionals", 0 as "zero line"

   

  Test DAX daily: green=profs, red=pubs

  uuuppsss.

  

  AVT

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  07/17/2017 at 7:09 PM #40892
  gabri

  Maximus,

  the one you wrote works too. I just got rid of the [0]:

  public=close-open[1] professional=open-close progopublic=average[14](public) progoprofessional=average[14](professional) return progopublic as "public", progoprofessional as "professional"

  1 2 3 4 5

  public=close-open[1] professional=open-close progopublic=average[14](public) progoprofessional=average[14](professional) return progopublic as "public", progoprofessional as "professional"

   

  

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  07/17/2017 at 7:44 PM #40898
  maximus78

  Thank you guys,

  so my code is right, except erasing the [0] and also using the dclose and dopen of the previous days,

  Gabri, “public” should be close[1]-open, you wrote close-open[1] or am i wrong?

  thanks a lot,

  Max

  

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  07/17/2017 at 8:24 PM #40903
  GraHal

  Yep I concur … both give same results!

  Thanks guys, this was a new one on me, but it appears to have a lot of merit!?

  I’m going to incorporate it in some of my Strats and I’ll report back.

  Cheers
  GraHal

  PS For clarification, I hadn’t seen Post #40898 when I posted above. So I was referring to the code at #40861 and #40892,

  

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  07/17/2017 at 9:06 PM #40910
  gabri

  Maximus, I copied yours and canceled the zeroes. I think you are right.

   

  

  gabri

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  07/17/2017 at 9:48 PM #40913
  maximus78

  Yes Grabri and GraHal,

  I have mistaken too in my first post, it’s public=close[1]-open and i wrote close[0]-open[1]!

  

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  07/17/2017 at 10:05 PM #40914
  GraHal

  They’re not the same if you make the change to close[1]-open.

  See attached

  PS  I need to get my posts out quicker and stop watching tv while I write them!  Gotcha now … I had two the same, but they were BOTH wrong!!! HAHAHHA

  

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  07/17/2017 at 10:23 PM #40917
  GraHal

  I’ll have to read up on this again now … both same again, but it doesn’t look right somehow? See attached.

  It’s probably cos I convinced myself of ‘incorrect logic’ using the wrong ones!? 🙂

  

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  07/18/2017 at 9:07 AM #40927
  gabri

  Maybe this will fix the problem?

  public=open-close[1] professional=close-open progopublic=average[14](public) progoprofessional=average[14](professional) return progopublic as "public", progoprofessional as "professional"

  1 2 3 4 5

  public=open-close[1] professional=close-open progopublic=average[14](public) progoprofessional=average[14](professional) return progopublic as "public", progoprofessional as "professional"

   

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  Bard, GraHal

  

  gabri

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  07/18/2017 at 10:46 AM #40942
  GraHal

  The ProGo is for use on Daily TF as close[1]-open takes account of the daily opening gap.

  I am using it on 1M and 5M TF so I guess I’m using the Professional Line more as a Sentiment Index?

  I’ve reversed the Pro Line (see attached) cos when I was writing conditions into a Strat code I found myself having to look back at the Chart. I find attached more intuitive as we all know that a steep rise is often quickly followed by a correction! (sorry Larry! 🙂 ).

  GraHal

   

  

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  10/19/2021 at 8:04 AM #179906
  Suzu Yuk

  public=open-close[1]  ,  professional=close-open

  Qualcuno ha un’idea del perché abbiano senso distinguere pubblico e professionista dal primo posto? Perché questi possono separare l’acquisto pubblico dall’acquisto professionale?

  Does anyone have an idea why these make sense to distinguish public and professional from first place? Why these can separate public buying from professional buying?

  

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  10/19/2021 at 8:15 AM #179913
  Suzu Yuk

  Riferimenti:

  References:

  https://www.prorealcode.com/wp-content/uploads/2017/09/Larry-Williams-Accumulation-Distribution.pdf

  https://www.scribd.com/document/525718849/XX-Williams-Larry-R-Inner-Circle-Workshop-Seminar-Manual

  

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  10/19/2021 at 8:17 AM #179914
  robertogozzi

  @Suzu Yuk

  Pubblica solo nella lingua del forum in cui stai postando. Ad esempio solo l’inglese nei forum di lingua inglese e il francese solo nei forum di lingua francese.

  Grazie 🙂

   

  

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