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Pro Go I by Larry Williams
From: L1L2L3L4L5@xxxxxxxxxx
Reply-To: metastock@xxxxxxxxxxxxx
To: metastock@xxxxxxxxxxxxx
Subject: Re: Larry Williams pro go indicator :here is the info; can anyone code it for us please?
Date: 11 Oct 2001 21:58:56 -0700

this is a copy and paste from an anonymous public forum:

Williams PRO-GO Indicator

This indicator has two lines. The Public Buying (green line) at the beginning of the day and the Professional Buying (red line) at the end of the day.

This technique is to create two Advance/Decline lines.

The Public Advance/Decline line is constructed by using the change from yesterday's closes to today's open.

The professional Advance/decline line is constructed by using the change from today's open to today's close.

The lines are calculated by taking a moving average, normally 14-days, of the results.
This study is only for daily charts and can be used to highlight divergences between the Professional Advance/Decline (red line) and the price. The common interpretation of this study is if the Professional line (red) goes below the Public line (green) it is a sell signal and if the Professional line (red) goes above the Public line (green) it is a buy signal.


THANKS to whosoever can do this for all of us here on the list. The Disclaimer:Everything on this post or anything or anyone in connection with it is not liable for poor trading results.Trade ONLY with fake, paper money.


PRO-GO - Williams-Professionals

Prof:=Mov(O - C,7,S);
(((Sum( Prof - LLV(Prof,7),7)) / Sum((HHV(Prof,7) - LLV(Prof,7)),7)))*100;
25;
75;

 


PRO-GO - Williams-Public

Public:= Mov(O - Ref(C,-1), 7, S);
((((Sum( Public - LLV(Public,7),7)) / Sum((HHV(Public,7) - LLV(Public,7)),7)))*100);
75;
25;

 

Source / From: TOP
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