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this is a copy and paste from an anonymous public forum: Williams PRO-GO Indicator
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> 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.
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> This technique is to create two Advance/Decline lines.
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> The Public Advance/Decline line is constructed by using the change from yesterday's closes to today's open.
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> The professional Advance/decline line is constructed by using the change from today's open to today's close.
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> 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.
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> 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.
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