Larry Williams indicators

Optuma Forums Optuma Scripting Larry Williams indicators

This topic contains 1 reply, has 1 voice, and was last updated by Darren Darren 3 weeks ago.

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  • #48055
    Darren
    Darren
    • Topics: 28
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    • Posts: 159

    Whilst we have the Williams %R and Ultimate Oscillator built in to Optuma it’s possible to add others using the scripting language. For example, the VIXFix indicator.

    The indicator takes the highest closing price of the previous 22 trading days and subtracts the current low. This is then divided by the highest 22 day close, and then multiplied by 100. In Optuma, we can use the HIGHESTHIGH() function to recreate the indicator in our scripting language:

    This can then be added to your toolbox (New > Script Tool), making sure that it is applied to a New Tool View – meaning it will be added in a window below the price chart with it’s own scale, much like an RSI or MACD. Once saved, this can then be applied from the right-click menu or custom toolbar button just like any other tool.

    Capture

    #48059
    Darren
    Darren
    • Topics: 28
    • Replies: 131
    • Posts: 159

    Williams Accumulation / Distribution

    The Williams Accumulation / Distribution formula is:

    2018-09-02_13-49-15

    As a script, we can do this in a Show View:

    • This reply was modified 3 weeks ago by Darren Darren.
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