Over 622 MetaStock Formulas, Charts and Details.
2 Months High Todays Range
2-20-Day EMA Breakout System
25x25 Bond System
52 Week Hi-Lo Exploration
Absolute Breadth Index
Accumulation Distributio1
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Accumulation or Disribution
Adaptive RSI
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Almost Zero Lag Moving Average
Alpha and Beta
AMA Binary Wave
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Balance Of Power
Base Channel
Base Channel System
Bell Ringers StochRSI14
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Better Bollinger Bands
Bianchi Approach
Binary Wave All Composite Wave
Binary Wave System Test
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Bollinger Band and 13 day MA
Bollinger Band Flexible Parameter
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Bollinger Band Hook Up Hook Down
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Boomers Buy Sell
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Bullish Bearish Engulfing Pattern
Buy and Hold Indicator
Buy Trigger Trading System
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Sample:
Williams %R - Similar by Rajat K. Bose | |
An indicator similar to Williams %R
. To: metastock@xxxxxxxxxxxxx . Subject: An indicator similar to Williams %R . From: Rajat Bose <rajatkbose@xxxxxxxxx> . Date: Wed, 28 Apr 1999 23:38:52 -0700 (PDT) . Reply-To: metastock@xxxxxxxxxxxxx . Sender: owner-metastock@xxxxxxxxxxxxx List members, Given below is an indicator, which is a variation of William's %R, used by me in MetaStock 6.52. The structure of the indicator is similar to that of Willams' %R. All I have done here is to substitute High and Low of any bar with that of Bollinger Band Top and Bollinger Band Bottom. I have tested it on various time periods (for Bollinger Bands) using 2 std.dev., it sometimes gives an early indication of reversals than the Williams' %R of the same period. Divergences have also been somewhat better. However, the structure shows that most of its properties are similar to that of Williams' %R or for that matter any other overbought-oversold indicator. Any comments, criticisms and/or suggestions in this regard would be highly appreciated. Thanks in advance. Rajat K Bose |
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Williams %R - Similar Periods := Input("Time Period", 3,50,5); NumDev := Input("No. of Standard Deviations", 1,5,2); (100*(C-BBandBot(C, Periods, S, NumDev)) / ((( BBandTop(C, Periods, S, NumDev))-(BBandBot(C, Periods, S, NumDev))))) |
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