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WILLIAMS%R

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jimcronkhite

Posted : Monday, July 28, 2008 11:51:18 PM

Registered User
Joined: 2/17/2007
Posts: 13

IS THERE A WAY TO ADD WILLIAMS%R TO MY CHART TEMPLATES? AND IF SO, WHAT IS IT?

THANKS FOR ALL YOUR HELP.

JIM

Tal_E

Posted : Tuesday, July 29, 2008 10:59:36 AM

Worden Trainer

Joined: 7/11/2006
Posts: 332

jimcronkhite,

Williams %R is just the raw Stochastic minus one hundred (it runs from -100 to 0 instead of 0 to 100). So to create a Custom Indicator for a 10-Period Williams %R:

Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Unchceked
- Plot using price scale: Unchecked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: STOC10 - 100

I have included the following resources for you...

Williams % R
Plotting Custom Indicators with Examples
Handy PCF example formulas to help you learn the syntax of PCFs!

Thanks for your post!

Tal_E

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