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Bob Peter - Can you help in interpreting the
plot? It seems like when the price line comes down, the COT or
CPI goes up.
Could this be the inverted? Also what moving
averages do you think would be appropriate? 5-10 bars?
As I'm keying this I realize I should have
researched the article that someone so helpfully provided.
Thanks in advance
JOE
----- Original Message -----
Sent: Wednesday, June 08, 2005 10:22
PM
Subject: [amibroker] Re: larry williams
commercial proxy index
You don't have to get the COT data, the indicator
simulates it.
Basically its
the moving average of ((Open - close)/
moving average of (high - low))
*100
Peter
--- In amibroker@xxxxxxxxxxxxxxx,
"pennellp2000" <pennellp2000@x...>
wrote:
> I attended a free seminar by larry williams recently. He
talked
about
> an indicator he uses called commercial proxy index.
He says it gives
> him an idea of what the major buyers and sellers are
doing. He says
it
> is based on work he did on commitment of
traders data. It is an
> oscillator. Apparently it relies on price data
only. Anyone have any
> ideas on how it is created? Thanks in
advance. Phill
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