MetaStock™ Zone Forum & FAQ Artykuły Linki Elliott Waves EasyLanguage™ Zone

A B C D E F G H I J K L M N O P R S T U V W Y Z #

Williams %R Modified by Rajat Bose
A variation of Williams' %R

* To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
* Subject: A variation of Williams' %R
* From: "Rajat K. Bose" <rajatkbose@xxxxxxxxxxx>
* Date: Fri, 30 Apr 1999 06:02:17 PDT
* Reply-To: rajatkbose@xxxxxxxxxxx
* Sender: owner-realtraders@xxxxxxxxxxxxxx

List members,

Given below is an indicator, which is a variation of William's %R, used by me in MetaStock 6.52. The structure of the indicator is similar to that of Willams' %R.

All I have done here is to substitute High and Low of any bar with that of Bollinger Band Top and Bollinger Band Bottom.

I have tested it on various time periods (for Bollinger Bands) using 2, it sometimes gives an early indication of reversals than the Williams' %R of the same period. Divergences have also been somewhat better.

However, the structure shows that most of its properties are similar to that of Williams' %R or for that matter any other overbought-oversoldindicator.

Any comments, criticisms and/or suggestions in this regard would be highly appreciated.

Thanks in advance.

Rajat K Bose


Williams %R Modified

Periods := Input("Time Period", 3,50,5);
NumDev := Input("No. of Standard Deviations", 1,5,2);

(100*(C-BBandBot(C, Periods, S, NumDev))/
((( BBandTop(C, Periods, S,NumDev))-
(BBandBot(C, Periods, S, NumDev)))))


I have not yet tried your code so I have NO IDEA whether your indicator has a scintilla of value BUT.... imho this is EXACTLY the type of experimentation that has to be done on a never-ending basis in order to improve your trading. You may have to go through 50 indicators like this to find one that will improve your trading by a half-tick on average..... but those half ticks add up to real money :)
Source / From: TOP

Equis and MetaStock® and MetaStock Professional® are registered trademarks of Equis International. Achelis Binary Wave®, The DownLoader®,
Expert Advisor®, OptionScope®, Quotecenter® and Smart Charts® are trademarks of Equis International, a Thomson Reuters company.

TradeStation® Pro, TradeStation® 2000i, OptionStation®, SuperCharts®, PowerEditor® and EasyLanguage®
are registered trademarks of TradeStation Technologies, Inc. Other names and marks referred to are the property of their respective owners.

All information provided on this website is for educational purposes only. Trading involves risk, including possible loss of principal and other losses.

Ten i inne materiały na tej stronie zostały zamieszczone zostały jedynie w celach edukacyjnych, nie ponoszę żadnej odpowiedzialno¶ci za ich stosowanie.

Gra na giełdzie i rynkach walutowych (FOREX) niesie ze sob± ryzyko poważnych strat finansowych!