proxy cot trading

• 01/20/2025 at 7:01 PM #242885
  Coded1

  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

  

  Coded1

  Participant

  Topics: 1

  Replies: 2

  Been thanked: 0 times
  01/21/2025 at 1:27 PM #242917
  Iván

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

  

  Iván

  Moderator

  Topics: 0

  Replies: 1240

  Been thanked: 447 times
  01/21/2025 at 5:20 PM #242927
  Coded1

  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

   

  

  Coded1

  Participant

  Topics: 1

  Replies: 2

  Been thanked: 0 times
  01/21/2025 at 7:02 PM #242929
  JS

  First attempt:

  Proxy CoT

  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")

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

  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")

   

  1 user thanked author for this post.

  Iván

  

  JS

  Participant

  Topics: 27

  Replies: 1874

  Been thanked: 937 times
  01/21/2025 at 7:27 PM #242932
  Coded1

  thanks JS

   

  

  Coded1

  Participant

  Topics: 1

  Replies: 2

  Been thanked: 0 times
• Author
  Posts