Proxy

قبل ٤ أيام

Proxy Indicator

The Proxy indicator is a simplified version of the Larry Williams Proxy Index (LWPI), designed to identify potential overbought and oversold conditions in the market. It calculates a normalized value based on price momentum and volatility, helping traders spot reversal opportunities.

Features





Main Line: Displays the Proxy Index value with a customizable period (default: 8).



Configurable Levels: Five adjustable horizontal levels in the Style tab:





Sell Level 1 (default: 75, red, dotted, linewidth 1)



Sell Level 2 (default: 70, red, dotted, linewidth 1)



Middle Level (default: 50, gray, dashed, linewidth 1)



Buy Level 1 (default: 25, light green, dotted, linewidth 1)



Buy Level 2 (default: 20, light green, dotted, linewidth 1)



Alerts: Built-in alerts for crossovers and crossunders at the middle level (50).



Customization: Adjust the period in the Inputs tab and fine-tune level values, colors, and styles in the Style tab.

Usage





Use the indicator to identify overbought (Sell Levels) and oversold (Buy Levels) zones.



Set alerts to receive notifications when the Proxy Index crosses the middle level, signaling potential buy or sell opportunities.



Customize the levels in the Style tab to match your trading strategy.

Settings





Period: Adjust the lookback period for the calculation (default: 8).



Style Settings: Modify level values, colors, linewidths, and line styles (solid, dashed, dotted) directly in the Style tab.

This indicator is ideal for traders seeking a straightforward tool to gauge market momentum and potential reversals. Add it to your chart and customize it to fit your trading style!

قبل ٤ أيام

ملاحظات الأخبار

Proxy Indicator - Update
The Proxy indicator has been updated with new default settings for improved usability:

Main Line: Now defaults to #00bcd4 (cyan) with a linewidth of 1.
Levels:
Sell Level 1: Set to 70 (previously 75), red (#ff0000), dotted, linewidth 1.
Sell Level 2: Set to 75 (previously 70), red (#ff0000), dotted, linewidth 1.
Buy Level 1: Set to 30 (previously 25), light green (#16e520), dotted, linewidth 1.
Buy Level 2: Set to 25 (previously 20), light green (#16e520), dotted, linewidth 1.
Middle Level: Unchanged at 50, gray, dashed, linewidth 1.



All levels remain fully customizable in the Style tab, and alerts for crossovers at the middle level (50) are still active. Adjust the period in the Inputs tab to suit your strategy.

قبل ٣ أيام

ملاحظات الأخبار

Proxy Indicator - Update

The Proxy indicator has been updated with the following changes:





Middle 50 Level: Now defaults to #dbdbdb (light gray), dotted style, linewidth 1.



Moving Average: Added an EMA (default period: 5, white color #ffffff, linewidth 1) for trend confirmation.



Removed Alerts: All crossover alerts have been removed for a cleaner experience.

Customize the period and MA type in the Inputs tab, and adjust levels, colors, and styles in the Style tab to fit your trading strategy.

أمس

ملاحظات الأخبار

Proxy 2.0 Indicator - Update
The Proxy 2.0 indicator has been updated with the following enhancements:

Indicator Name: Updated to "Proxy 2.0" for clarity.
Main Line: Changed to #d03aea (magenta), linewidth 2, solid style.
EMA: Updated to #dbdbdb (light gray), linewidth 1, default period 9 (EMA).
New Levels: Added Intermediate Level 40 and 60, both with #3d3d3d (dark gray), linewidth 1, dotted style for subtle visibility.
Levels Updated:
Sell Level 1 (75): #2962ff (blue), linewidth 1, solid.
Sell Level 2 (70): #f23645 (red), linewidth 1, solid.
Central Level 50: #9c9c9c (gray), linewidth 1, dotted.
Buy Level 1 (30): #4caf50 (green), linewidth 1, solid.
Buy Level 2 (25): #2962ff (blue), linewidth 1, solid.


Zones: Sell Zone (70-75, #f23645, 10% opacity) and Buy Zone (30-25, #4caf50, 10% opacity) remain, configurable in the Style tab.

Customize periods in the Inputs tab and levels, lines, and zones in the Style tab to suit your trading strategy.