+-(H+-+C)+%2f+(H+-+C)++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++&width=100&height=100)
Registered User
Joined: 2/24/2005
Posts: 5
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Williams %R is the raw Stochastics - 100. The exact formula would depend on your particular settings. A 10-Period Williams %R would be:
STOC10 - 100
You may wish to review the following:
Understanding Stochastics
Plotting Custom Indicators with Examples
How to create a Personal Criteria Forumula (PCF)
Handy PCF example formulas to help you learn the syntax of PCFs!
PCF Formula Descriptions
Learn how to use the forums: post a new topic, reply, Search existing topics
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/20/2006
Posts: 30
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Bruce,
I am trying to mimic %R for 30 period, 20-oversold, 80-overbought, So I created stochastics 30 period, but still doesn't quite look ok. Seems to be off when comparing to other software. Any ideas?
You mention above for example: STOC10-100. What is the "-100" in that, The defaut for stochastics is
14,3,3. So, I replaced 14 by 30. I got rid of the last 3 so I just have blue curve. What about that first "3"- Sal
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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ncshockey,
Stochastics runs from 0 to 100. Williams %R runs from -100 to 0 (it can't cross through 20 and 80, it crosses through -20 and -80). Williams %R is Stochastics minus 100. Williams %R does not have a Moving Average applied as part of its calculation. You need to set the SK and SD Periods both to 1 for it to look right.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/20/2006
Posts: 30
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Bruce, thanks, that worked for me - Sal
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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ncshockey,
You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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