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William %R with OB 80 & OS 20 for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
oscillator, amibroker
We usually read William %R’s Overbought -20 and Oversold -80.
We can change some code to read William %R OB & OS as we read Stochastic’s OB & OS.
Indicator / Formula
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_SECTION_BEGIN("William's % R");
/*
We usually read William %R's Overbought -20 and Oversold -80.
We can change some code to read William %R OB & OS as we read Stochastic's OB & OS.
*/
periods = 14 ;
R = 100 - 100 * ( HHV( H, periods ) - C )/( HHV( H, periods ) - LLV( L, periods ) );// 80 20
Plot( R,"",colorRed,styleLine|styleThick );
Plot(80,"",colorDarkGrey,styleDashed);
Plot(20,"",colorDarkGrey,styleDashed);
Title =EncodeColor(16)+ "{{DATE}} - "+Name() +" - " + "{{INTERVAL}} " +" W%R 14 "+WriteVal(r,1.2);
_SECTION_END();0 comments
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