- ago
It would be nice to reinstate these 2 useful indicators which were present in WL6:
1) LNRet (was a Community Indicator, developed by Dr. Koch)
2) Parabolic2: NOT to be confused with the standard PSAR... this uses a slightly different formula and it more closely matches technical analysis charting sites.
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- ago
#1
LNRet already exists as TimeSeries.LogReturn:
https://www.wealth-lab.com/Support/ApiReference/TimeSeries
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Glitch8
 ( 10.62% )
- ago
#2
There’s also a LogReturn indicator in WL7.
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- ago
#3
Thank you, both!
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- ago
#4
Parabolic2 to be added to PowerPack (build 5):
https://www.wealth-lab.com/extension/detail/PowerPack
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- ago
#5
👍
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- ago
#6
Can you please implement Parabolic2 *exactly* as in WL6 with the 3 variables (AccelUp, AccelDown, AccelMax)?

If its not too much to ask can you please *also* re-create the Parabolic indicator (with the 3 variables, as above). I find that the values of Parabolic (in WL6) do *not* match PSAR (its replacement in WL7) with identical parameters and this is making my translated strategies give very different results & signals.
Fortunately the names Parabolic and Parabolic2 are available in WL7.

PSAR may be left as such for those using it.
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- ago
#7
CODE:
public static Parabolic2 Series(BarHistory source, double accelUp, double accelDn, double maxAccel)
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- ago
#8
👍


Can you *please* also implement Parabolic similarly? There is a slight difference in Para & Para2 formulations, as you know.
Parabolic's substitute in WL7 - PSAR - does *not* generate identical values.
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- ago
#9
Using build 10.

Para2 values match those in WL6, so happy :)

May I request you to also create the original Parabolic? PSAR values don't match (but it can be left as such for those users using it).
Should take less than a minute to create.
(Hope you won't ask me to start a new thread for this follow-on request...)
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- ago
#10
When you run WL7 in Windows Administrator mode, creation and use of Custom Indicators becomes available. This opens up for creation of whatever Parabolic flavor you're interested in. For more info kindly refer to Help > Custom Indicators.
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#11
Uh, all right.
How do I get the full code of the WL6 Parabolic indicator?
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- ago
#12
Or, even better, the WL7 Parabolic2 code.
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- ago
#13
You cannot get the full code of the WL6 Parabolic indicator. Even our team (while being MS123 LLC) could not succeed getting it from Fidelity Investments until today. Neither is WL7 open source. You have to recreate your indicator from scratch if you like to, using the information you gather on the various websites.

Given that we've satisfied your initial feature request (but appetite comes with eating), I consider we're done here.
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- ago
#14
How about fixing the PSAR then - you know, splitting up the composite Accel parameter into Accel Up and Accel Down parameters, as it ought to have been. Perhaps that'll do the trick.
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- ago
#15
There is nothing to fix in the PSAR because it's not broken. It was designed like that by Welles Wilder, with one acceleration factor and a maximum acceleration factor to cap it.
https://en.wikipedia.org/wiki/Parabolic_SAR
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Best Answer
- ago
#16
Can't you just re-create the Parabolic as coded in WL6 for the sake of all users using it who are now stuck in a limbo as values don't match with PSAR? Pleeeeezzz!
It will take you less than a minute to do - and benefit the entire community.
(You may add a suffix _legacy, if you wish.)
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Glitch8
 ( 10.62% )
- ago
#17
Sammy, we don’t have access to the WL6 source code.
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- ago
#18
Does that mean WL6.9 will stop working any day now?
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Glitch8
 ( 10.62% )
- ago
#19
No
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- ago
#20
I'm confused.

Have you sold WL6 to a 3rd party? If so, are you able to talk about it?
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Glitch8
 ( 10.62% )
- ago
#21
We sold WL assets (including source) to Fidelity Investments in 2004. They retired Wealth-Lab Pro last year so we no longer have access to WL6 source code. WL7 is a brand new code base built from the ground up not owned by Fidelity.
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- ago
#22
Continuing on this off-topic, if I may...
WL Pro was for US clients only, WL Developer (WLD) remained for the rest of the world - managed by MS123.
WL6 is basically WLD.
While I understand there is no development going on in WL6, what if any issues arise - who responds?
And if a user just wishes to keep using WL6 and keep paying annual subscription... that's possible, right?
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Glitch8
 ( 10.62% )
- ago
#23
Yes, we are still supporting WLD users, and you'd respond to us, on the other web site, wl6.wealth-lab.com.
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