Larry Williams Developed This Incredible Indicator. It Gives The Same Readings The VIX does for Stock Index’s…But This Indicator Works on All Asset Classes.
I Customized The Settings Slightly To Create “Percentile” Based Highlight Bars…So You May Need To Adjust Slightly For Your Asset Class. These Are The Standard Settings Shown Here. Designed For Daily Charts…But Works GREAT On Intra-Day Charts!!!
Download the PDF and Read To Learn Larry’s Thought Process.
Hi Chris, I have found this indicator very helpful, thanks! I am wondering if it would be possible to get a rewrite of the indicator so that it shows tops instead of bottoms? Thanks for all your work and help on this site.
Raman1803
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@fxgregg, it's very easy to find tops by this indicator. I would say finding tops is lot more easy than finding bottoms by this indicator. I only short using this indicator.
ratipetya
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@Raman1803, how are you doing that? I tried to figure it out, but it doesn't seem working for me. thx
ositrades
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@ratipetya, One way I figured is when the bars get really low...like a teeny weeny bar :D
nedcpatrader
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@ratipetya, much better option is to do the trade management, and not chase top and bottom.
linhpt311087
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@Raman1803, could u please let me know how to find the top? I dont really understand the indicator? tks