PROXY COT

Viewing 3 posts - 1 through 3 (of 3 total)

Author

Posts
05/30/2017 at 3:43 PM #37056 quote

unkown
Member

New

Hello,

Just registered a couple of days ago and happy to have found this site.

Is there anybody here that would know how to create the PROXY COT indicator in Prorealtime?

The formula I found was: MovingAvg(Open-Close, bars used in average)/MovingAvg(Range,bars used in average)*50 +50

But not sure how to integrate this in Prorealtime.

Any help is welcome.

Thanks,

Ed

05/31/2017 at 8:05 AM #37090 quote
Nicolas
Keymaster

Master
This code snippet would do the trick, you can adjust the period of the moving in the code by yourself:
```
//MovingAvg(Open-Close, bars used in average)/MovingAvg(Range,bars used in average)*50 +50

period=50
cot = average[period](open-close)/average[period](range)*50+50

return cot
```
I don’t know how it is useful and relevant compared to the real Commitments Of Traders, but this is what the formula returned on a chart (example attached).

atxeel thanked this post
05/31/2017 at 10:11 AM #37100 quote

unkown
Member

New

Thanks a lot, Nicolas.

This is exactly what I meant.

I’d use it like this: above 55, be ready to buy, below 40, be ready to sell (of course if it agrees with other indicators as f.e. slow stochastics).

Mary thanked this post
Author

Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.

Login your account

PROXY COT

ProBuilder: Indicators & Custom Tools

New Reply

Author

unkown @unkown Member

Summary

This topic contains 2 replies,
has 2 voices, and was last updated by unkown
8 years, 8 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	05/30/2017
Status:	Active
Attachments:	1 files

Loading...