Larry Williams Large Trade Index (LWTI) is an indicatory by Larry Williams as explained in his book "Trade Stocks and Commodities with the Insiders: Secrets of the COT Report".
The original concept was specifically based on Trader (or Market) Sentiment and predicting market reversals.
This indicator was adopted from work done by a very smart guy named Kenneth H. Perlin, who is a professor at New York University in the Computer Science Department. His work centered around something called “Sigmoid Function” having a characteristic “S”-shaped curve or sigmoid curve
The Elegant Oscillator was created by John Ehlers (Stocks and Commodities Feb 2022 p.21)
The Elegant Oscillator is founded on the idea that price tend to return to “normal”, or average levels of its historical mean. It calculates the inverse Fisher transform of price and then applies the SuperSmoother to filter market noise and create a signal line.
Developed by Dirk Vandycke, ChartMill Value indicator tracks how far the price spread is from its moving average. Since MA keeps increasing even when price consolidates or stalls, it is very difficult for the deviation from a moving average to remain in the overbought or oversold regions for extended periods, which represents a significant improvement over other oscillators such as the RSI and Stochastic indicators.
This indicator is best used with other oscillators, to confirm signals. Zero line crossovers should also be considered as signals.
This indicator will be able to colorize candles according to its trend (> 0 = up trend, < 0 down trend) and send alert when the zeroline is crossed.