Weight of Evidence

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Weight of Evidence

Postby Apprentice » Sun Mar 29, 2015 7:12 am

Weight of Evidence.png

Based on request.
viewtopic.php?f=27&t=62052&p=99514#p99514
Weight of Evidence.lua
(8.72 KiB) Downloaded 381 times

Weight of Evidence Signal Indicator.lua
(20.02 KiB) Downloaded 322 times


Williams Accumulation/Distribution (WAD) Can be found here.
viewtopic.php?f=17&t=901&p=95765&hilit=accumulation%2Fdistribution#p95765

MTF MCP Weight of Evidence DASHBOARD.png


MTF MCP Weight of Evidence DASHBOARD.lua
(23.43 KiB) Downloaded 233 times
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Re: Weight of Evidence

Postby Coondawg71 » Sun Mar 29, 2015 9:26 am

Thanks for the quick turn around, you are the man!

You know what comes next....

I see this being a very useful indicator.

Can we please request two elements to complement the basic:

1.) May we please request Alert functionality, similar to Stochastic: user sets parameters of OB and OS such as 90 and 10, cross of 50 center line.

2.) May we please request MTF MCP Weight of Evidence List with Alert functions like MTF MCP SSD Dashboard.

Thank You!!!

sjc
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Re: Weight of Evidence

Postby mulligan » Tue Mar 31, 2015 8:08 am

This looks like a really good indicator. A standard alert for signal line and WOE line cross with pop up show alert and sound would be great. Show alert on chart with arrows would be icing on the cake.

Thanks for all you do
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Re: Weight of Evidence

Postby Apprentice » Wed Apr 01, 2015 4:03 am

Weight of Evidence Signal Indicator Added.
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Re: Weight of Evidence

Postby panos59 » Wed Apr 01, 2015 5:37 am

Does anybody has any suggestions for best settings ?
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Re: Weight of Evidence

Postby Apprentice » Thu Apr 02, 2015 12:07 pm

MTF MCP Weight of Evidence DASHBOARD.lua Added.
Please re-download / re-install Weight of Evidence.
Old version has a bug, which may affect the MTF MCP Weight of Evidence DASHBOARD.lua
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Re: Weight of Evidence

Postby muz1979 » Thu Apr 02, 2015 11:29 pm

how to use weight of evidence? what is this indicator? i never heard of it.
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Re: Weight of Evidence

Postby Apprentice » Fri Apr 03, 2015 1:34 am

This script gives a score out of 100 in increments of 2.5,
Based on the 5 periods entered and the following eight indicator tests:
1.Close>=EMA(x)
2. RSI(x)>=50
3. OBV>=OBV[x periods ago]
4. PVT>=PVT[x periods ago]
5.Percentrank(x)>=50
6.Lower donchian channel(x period) is rising
7. Accumulation/distribution>=A/D[x periods ago]
8. Volatility stop : Close>=Highest(L3 periods)-n.ATR where n =1,2,3,4,5
where x equals to L1,L2,L3,L4 and L5
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Re: Weight of Evidence

Postby Alexander.Gettinger » Fri May 22, 2015 10:11 am

MQL4 version of Weight of Evidence oscillator: viewtopic.php?f=38&t=62248.
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Re: Weight of Evidence

Postby Apprentice » Mon Dec 14, 2015 6:00 am

Dec 14, 2015: Compatibility issue Fixed. _Alert helper is not longer needed.

If you want to use updated version of this indicator,
please make sure to use TS Version 01.14.101415. or higher.
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