PROXY COT

• 05/30/2017 at 3:43 PM #37056
  unkown

  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

   

  

  unkown

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

  This code snippet would do the trick, you can adjust the period of the moving in the code by yourself:

  PROXY COT

  //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

  1 2 3 4 5 6

  //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).

  1 user thanked author for this post.

  atxeel

  

  Nicolas

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  05/31/2017 at 10:11 AM #37100
  unkown

  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).

   

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  Mary

  

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