Williams % R
Author: Defendi
Creation Date: 4/13/2013 1:17 PM
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Defendi

#1
Sorry for English I (google translator), the indicator WilliansR, usually expressed as W% R is wrong with the Y axis, the correct will -100 (top) to Zero (bottom), with the points of the intersection normally buy upwards of -10 and selling the crossing down to -90, could fix this, or at least create a new one with the values ​​recommended by the author (Larry Williams
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Defendi

#2
Sorry did silly with high and low, right is zero above and below -100, buy signal -90 or -80 from the bottom up, and selling -20 or -10 from top to bottom. This is correct. grateful
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Eugene

#3
It's been known for years. I reported it to Fidelity long ago but there's no interest in fixing it. Description of the issue and a workaround could be found here:

Open Issues > (756) Williams %R readings contradict standards

As can be seen, it's very easy to fix this in Strategy code.
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Defendi

#4
Sorry but I do not know anything about programming, I do not know where in the code do the result is multiplied by -1! Could you please paste the code already fixed? Grateful for goodwill.
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Eugene

#5
Sure, the FAQ has been expanded with a code snippet. Note that it takes actually fixing the indicator in WL6 for the changes to apply to rule-based strategies or to charts. The proposed workaround is inherently code-based:

CODE:
Please log in to see this code.


You will have to manually edit any code like shown above for example purposes.
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Defendi

#6
Thank you. I was wanting to make a strategy that uses W% R and seeing where you put the -1 in the formula, was easy. Thankful.