proxy cot trading

Coded1 · 2025-01-20T18:01:25+00:00

Hello fellow traders, I’m new here and would love to see this indicator added to the PRT graphs. Please have a look at this website in order to understand what it is all about: Buy the ‘MetaCOT 2 Movement Index MT4’ Technical Indicator for MetaTrader 4 in MetaTrader Market I’m sure it would be very helpful voor every trader. Thanks for any help and good trading! Ed

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01/20/2025 at 7:01 PM #242885 quote

Coded1
Participant

New

Hello fellow traders,

I’m new here and would love to see this indicator added to the PRT graphs.

Please have a look at this website in order to understand what it is all about: Buy the ‘MetaCOT 2 Movement Index MT4’ Technical Indicator for MetaTrader 4 in MetaTrader Market

I’m sure it would be very helpful voor every trader.

Thanks for any help and good trading!

Ed

metacot-2-movement-index-mt4-screen-6122.png

01/21/2025 at 1:27 PM #242917 quote

Iván González
Moderator

Legend

Hi! If you have the code, maybe we can help you translate it.

01/21/2025 at 5:20 PM #242927 quote

Coded1
Participant

New

Thanks Iván,

code:

Express LW_Proxy_Index_COT

Vars

Numeric
i;

Series
CoT,
xrange,
xOmC,
span,
OmC;

Input
$Period(1, 500, 50),
$Multiplicator(1, 500, 50);

Calculation
SetYscaleFormat(“%9.2f”);
If IsFirstBar() then
begin
for i = 0 to FinalBarIndex()
begin
span[-i] = h[-i] – l[-i];
OmC[-i] = o[-i] – c[-i];
end
MovingAverage(OmC, xOmC, $Period);
MovingAverage(span, xrange, $Period);
end
Cot = xOmC/(xRange*$Multiplicator)+$Multiplicator;

Interpretation
begin
end

plot(CoT, lightblue, 1);//@@@cs:279245-3426050-147030_cs@@@

This would produce a proxy COT graph but I’d need one step more and that’s to make a momentum indicator out of the indicator above.

Regards,

Ed

01/21/2025 at 7:02 PM #242929 quote
JS
Participant

Master
First attempt:
```
Once Period=50
Once Multiplier=0.1
Once MomentumPeriod=50

Span=High-Low
OmC=Close-Open

xRange=Average[Period](Span)
xOmC=Average[Period](OmC)

CoT=xOmC/(xRange*Multiplier)+Multiplier

xMomentum=CoT-CoT[MomentumPeriod]

Return CoT Style(Histogram) as "Proxy COT" Coloured("Lime"), xMomentum as "COT Momentum" Coloured("DarkGrey")
```
Iván González thanked this post

Schermafbeelding-2025-01-21-om-19.01.48.png
01/21/2025 at 7:27 PM #242932 quote

Coded1
Participant

New

thanks JS
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