Post the Will-Spread indicator instructions here, and we'll take a look at it. jose '-)

Dear Jose, Thank you for your reply and sorry for my late reply but I've been away for 1 1/2 week. Here is the "exact" Will-Spread indicator instructions found on the internet: "The Larry Wiliams' indicator named WillSpread is quite easy to plot in MetaStock for Windows version 6.5. Using version 6.5 of MetaStock for Windows, please follow these steps. Plot the underlying commodity. Drag the Spread Indicator from the indicator quick list to this commodity chart. Select either Tbonds or Tbills as the security to use to spread. I recommend you plot this in a new inner window. Drag the Price Oscillator from the indicator quick list and drop it on the SPREAD plot, not the price plot. The parameters Mr. Williams' uses are 7 and 11 time period exponential moving averages. You also want to use "points" as the method. This plot is the WillSpread indicator. At this point, you may change the Spread Indicator plot's color to match the background of the chart, or perhaps move the WillSpread indicator to a separate inner window. If you save this first effort as a template, perhaps named WillSpread, you are able to apply this template to any commodity you wish and the indicator will be automatically calculated against that commodity. You may also use the "Next Security" function within MetaStock for Windows to view each of your commodities by setting the options for next security to "Keep line studies". If you apply this template to the first commodity in your futures folder, you may then use the right arrow to move down the folder contents. Each new commodity will have the WillSpread calculated as it is loaded." Hope you can help me. Thank you. Best Regards, Hung

Hi Jose, I don't think there's anything wrong with the instructions/code but my problem is that I don't get one line after doing this. I always get to lines, one for the spread and one for the price oscillator and that's wrong. I still can't figure it out why I get two lines instead of one after fellowing the simple instructions. Have you tried it yourself and do you get one Spread line? Best Regards, Hung

Hi G. Stockman, Thank you very much! I think I have it now. Bye the way, do you know the formulae for calculating/identify a 52 week low of a stock? Thank you! Best Regards, Hung

Dear Stockman, I want to use the "Market Thermometer" indicator to determine the range differences. For this I've used the following formulae: Max(H-Ref(H,-1), Ref(L,-1)-L) I'm not sure if this is the wright formulae cause it also give negative values and that's not what it suppose to give. It also gives small (histogram) readings after a large range day had accure and that's not correct either! Can you help me with correcting the indicator so it plots the "real" market temperature which reflects the absolute value of either the upward or the downward extension of yesterday's range, whichever is greater. Thank you very much! Best Regards, Hung

Hung, you'll need to ask the author of the "Market Thermometer" about it - I don't know what he (LW?) has in mind with it. jose '-)

Alexander Elder's "Market Thermometer" indicator is available from Equis sales: https://www.metastock.co...thirdparty/?3PC-ADD-DETR I have it, but I don't really use it. The concept is easy enough though. If you just want to look at different ways to do it, here is another example (very close to Wabbit's much simpler code): [code:1:9fe8f7ad40]MarketTemp:= If(H<Ref(H,-1) AND L>Ref(L,-1),0, If(H-Ref(H,-1)>Ref(L,-1)-L, H-Ref(H,-1),Ref(L,-1)-L)); MarketTemp[/code:1:9fe8f7ad40] Original author is unknown. I collected this one along the way.