Weight of Evidence

[Apprentice]

Based on request.
viewtopic.php?f=27&t=62052&p=99514#p99514

Weight of Evidence.lua

(8.72 KiB) Downloaded 1033 times

Weight of Evidence Signal Indicator.lua

(20.02 KiB) Downloaded 993 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.lua

(23.43 KiB) Downloaded 882 times

[Coondawg71]

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

[mulligan]

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

[Apprentice]

Weight of Evidence Signal Indicator Added.

[panos59]

Does anybody has any suggestions for best settings ?

[Apprentice]

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

[muz1979]

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

[Apprentice]

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

[Alexander.Gettinger]

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

[Apprentice]

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.