This is my first post, and I want to be useful and helpful.

I've taken a thinkscripter indicator and modified it slightly.

It's pretty simple - it gives unequivocal long and short signals.

I think it's pretty accurate as is, but can be improved upon.(I'm not a programmer.)

Cheers!


--------------------------------------------------------------------------------------------



declare lower;

input period = 22;

def WVF = (Highest(close, period) - low) / (Highest(close, period)) * 100;


input BBlength = 20;
input BBNum_Dev_Dn = -2.0;
input BBNum_Dev_up = 2.0;

def sDev = stdev(data = WVF, length = BBlength);
def MidLine = Average(data = WVF, length = BBlength);
def LowerBand = MidLine + BBnum_Dev_Dn * sDev;
def UpperBand = MidLine + BBnum_Dev_Up * sDev;


##################
def price = close;
def moses = 1- expaverage(price -wvf) ;

##################

plot golong = if((wvf <=lowerband and moses<=0), (1- moses), 0);
plot goshort = if(wvf >= upperband, (moses -1),0);
plot zero = 0;


golong.SetDefaultColor(color.cyan);
golong.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

goshort.SetDefaultColor(color.red);
goshort.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

addcloud(golong, zero);
addcloud(goshort, zero);

The original is called the Williams Vix Fix and can be found at the thinkscripter website.

(I can't post links yet.)

This version does a pretty good job of indicating trend: --------------------------------------------

 

Code

declare lower;  input period = 22;        def WVF = (Highest(close, period) - low) / (Highest(close, period)) * 100;  input BBlength = 20; input BBNum_Dev_Dn = -2.0;  input BBNum_Dev_up = 2.0;        def sDev = stdev(data = WVF, length = BBlength);  def MidLine = Average(data = WVF, length = BBlength);  def LowerBand = MidLine + BBnum_Dev_Dn * sDev; def UpperBand = MidLine + BBnum_Dev_Up * sDev;          ##################      def down1 = upperband-wvf;  def up1 =  wvf-lowerband;   plot down = if(down1>up1, expaverage(down1), 0);  plot up = if(up1>down1, expaverage(up1), 0);   down.SetDefaultColor(color.green);  down.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);   up.SetDefaultColor(color.red); up.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

tosmonkey 

This is my first post, and I want to be useful and helpful. I've taken a thinkscripter indicator and modified it slightly. It's pretty simple - it gives unequivocal long and short signals. I think it's pretty accurate as is, but can be improved upon.(I'm not a programmer.) Cheers! -------------------------------------------------------------------------------------------- declare lower; input period = 22; def WVF = (Highest(close, period) - low) / (Highest(close, period)) * 100; input BBlength = 20; input BBNum_Dev_Dn = -2.0; input BBNum_Dev_up = 2.0; def sDev = stdev(data = WVF, length = BBlength); def MidLine = Average(data = WVF, length = BBlength); def LowerBand = MidLine + BBnum_Dev_Dn * sDev; def UpperBand = MidLine + BBnum_Dev_Up * sDev; ################## def price = close; def moses = 1- expaverage(price -wvf) ; ################## plot golong = if((wvf <=lowerband and moses<=0), (1- moses), 0); plot goshort = if(wvf >= upperband, (moses -1),0); plot zero = 0; golong.SetDefaultColor(color.cyan); golong.SetPaintingStrategy(PaintingStrategy.HISTOGRAM); goshort.SetDefaultColor(color.red); goshort.SetPaintingStrategy(PaintingStrategy.HISTOGRAM); addcloud(golong, zero); addcloud(goshort, zero);

Has this indicator been programmed in NinjaTrader by anyone? If not would it be possible?

Thanks,
eensor