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Registered User
Joined: 2/12/2005
Posts: 3
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I am trying to include Williams %R as one of my indicators.
I Found the following information on the web at
Incrdible Charts: Williams %R
By going to Google and searhing Williams %R
Construction:
The first step is to decide on the number of periods (%R Periods) to be included in the calculation. This can be varied between 5 and 21 days, based on the time frame that you are analyzing.
Calculate %R, by comparing the latest Closing price to the range traded over the selected period:
HC = Highest High [in %R Periods] - Close [today]
HL = Highest High [in %R Periods] - Lowest Low [in %R Periods]
%R = HC / HL * -100
The formula is similar to Stochastic %K, the difference being that CL is used in place of HC above.
CL = Close [today] - Lowest Low [in %K Periods]
Can you help me determine the formula to add this to my TC2000
Thank You
Bernie Kiesel
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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You should find this thread informative:
Williams % R
There is a robust amount of information already on these boards. Never be afraid to click the search option at the top right of the page. A search of WILLIAMS %R is how I found this thread.
- Craig
Here to Help!
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Registered User
Joined: 2/12/2005
Posts: 3
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I tried the formula, but everytime I test it I get an error message
Error on formula Syntax
The market days needed to calculate criterion is always one day more than the # in the formula
How can I correct this
Thanks
Bernie Kiesel
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Registered User
Joined: 2/12/2005
Posts: 3
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I Found My Error
Looks like it works Great
Thanks
Bernie
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Happy to hear it!
- Craig
Here to Help!
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Registered User
Joined: 1/1/2005
Posts: 2,645
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It may be of interest to know that Willims %R is essentially available as an indicator in TC2K.
The Williams %R is related to the Stochastic %K by:
%R = %K - 100
In TC2K terminology, this becomes:
%R = SK - 100
Thus, if you wish to observe Williams %R, just look at Stochastic SK and imagine the top of the scale is 0 instead of 100 and the bottom of the scale is -100 instead of 0.
Thanks,
Jim Murphy
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