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#1 Selling Amibroker Plugin featuring:
Williams %R with 9 period signal line for Amibroker (AFL)
An interesting phenomena of the %R indicator is its uncanny ability to
anticipate a reversal in the security’s price. The indicator almost always forms a peak an turns down a few days before the security’s price peaks and turns down. Likewise, %R usually creates a trough and turns up a few days before the security’s price turns up.
Author: Anthony Faragasso
Similar Indicators / Formulas
Indicator / Formula
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 | _SECTION_BEGIN ( "Williams %R with 9 period signal line" ); /* Williams %R and 9 day Mov.avg.*/ /* by Anthony Faragasso */ MaxGraph =10; tr= Param ( "tr" ,9,1,60,1); R = (( HHV ( H ,tr) - C ) /( HHV ( H ,tr) - LLV ( L ,tr))) *-100; Graph0 = R; Graph1 =-30; Graph2 =-70; Graph3 =-90; Graph4 =-10; Graph5= MA (R , 9); Graph5Style = 1+4; Graph5Color =1; Graph0Style=1+4; Graph1Style =Graph2Style= 1; Graph3Style =Graph4Style =2; Graph3Color = Graph4Color =5; Graph2Color = Graph1Color =12; Plot (-40, "" , colorBlack , styleLine ); Buy = R>-30 ; Sell = R<-40 ; Buy = ExRem ( Buy , Sell ); Sell = ExRem ( Sell , Buy ); PlotShapes ( shapeUpArrow * Buy , colorGreen ,0); PlotShapes ( shapeDownArrow * Sell , colorRed ,0); /*x = BarsSince( Cross( r, MA( r, 9)));*/ /*y = BarsSince( Cross( MA(r, 9), r));*/ /*Graph8 = ( x == 0 OR y == 0 ) * 30;*/ Title = Name () + " -Williams %R: " + " % R Line " + "(" + WriteVal ( Graph0,format=1.2)+ ")" + " Signal Line " + "" + "(" + WriteVal (Graph5,format=1.2)+ ")" + " , " + Date ( ); _SECTION_END (); |
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