Good turning points using Williams % range?? - page 5

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al_shore:
does anyone know any good settings for william %r and a time frame

use value 30 for the EXTWPRPeriod setting and set on the 1 hr timeframe

 
increase:
how can I obtain the price value for the 20/80 line on the williams percent in an EA without using the icustom function?

Hi Increase,

You can put the Williams % formula directly in your EA and then calculate the 20% and 80% levels based on the WPR values you get.

Here is the basic WPR formula - Calculation

%R = (HIGH(i - n) - CLOSE) / (HIGH(i - n) - LOW(i - n))*100

where:

CLOSE — is today’s closing price;

HIGH(i-n) — is the highest high over a number (n) of previous periods;

LOW(i-n) — is the lowest low over a number (n) of previous periods.

Hope this helps you,

Robert

 
cosmiclifeform:
Hi Increase,

You can put the Williams % formula directly in your EA and then calculate the 20% and 80% levels based on the WPR values you get.

Here is the basic WPR formula - Calculation

%R = (HIGH(i - n) - CLOSE) / (HIGH(i - n) - LOW(i - n))*100

where:

CLOSE — is today’s closing price;

HIGH(i-n) — is the highest high over a number (n) of previous periods;

LOW(i-n) — is the lowest low over a number (n) of previous periods.

Hope this helps you,

Robert

Hello Robert, thanks for your help, I think that formula is for MT5?

Here is what I have at the moment, I am using MT4

hi = 0;lo = 0;for(x=Bars;x>=0;x--) {

if(iWPR(NULL,0,100,x) > -30 && iWPR(NULL,0,100,x) < -27) hi = Close[x];if(iWPR(NULL,0,36,x) -73) lo = Close[x];}

My issue is, It does not give me the correct price for the 30 and 50 lines

 

Hello Robert, thanks for your help

This gives me a better result but is still not consistent across different symbols

hi = 0;lo = 0;for(x=Bars;x>=0;x--) {

if(iRSI(NULL,0,11,PRICE_CLOSE,x) > 69 && iRSI(NULL,0,11,PRICE_CLOSE,x) < 71) hi = Close[x];if(iRSI(NULL,0,14,PRICE_CLOSE,x) 29) lo = Close[x];}

 
increase:
Hello Robert, thanks for your help, I think that formula is for MT5?

Here is what I have at the moment, I am using MT4

hi = 0;lo = 0;for(x=Bars;x>=0;x--) {

if(iWPR(NULL,0,100,x) > -30 && iWPR(NULL,0,100,x) < -27) hi = Close[x];if(iWPR(NULL,0,36,x) -73) lo = Close[x];}

My issue is, It does not give me the correct price for the 30 and 50 lines

increase

That is a "generic" formula (used to describe what should be calculated). MQL5 formula would be different

 
mladen:
increase That is a "generic" formula (used to describe what should be calculated). MQL5 formula would be different

Hi mladen

so any ideas how I could obtain the two levels 30/70?

 
increase:
Hi mladen so any ideas how I could obtain the two levels 30/70?

increase

You can not have positive values with WPR

It is ranging between 0 and -100. If you want to have values between +100 and -100 then add 50 to wpr and multiply the result by 2 (like this :

wprModified = 2*(wpr+50)

and then the results are going to range between +100 and -100

 
mladen:
increase

You can not have positive values with WPR

It is ranging between 0 and -100. If you want to have values between +100 and -100 then add 50 to wpr and multiply the result by 2 (like this :

wprModified = 2*(wpr+50)

and then the results are going to range between +100 and -100

Hi Mladen,

Instead of the -100/100 scale...can he multiply the negative WPR numbers by ABS to turn them positive...?

That way the scale is 0-100 and the 20/80 levels are still usable...or whatever levels he wants like 30/70...?

Also thanks for letting me/us know that the WPR calculations for MT4 are different than MT5. I don't use MT5 and the WPR calc I found was from a wiki..

Thanks and God Bless you and others here for all your help,

Robert

 
cosmiclifeform:
Hi Mladen,

Instead of the -100/100 scale...can he multiply the negative WPR numbers by ABS to turn them positive...?

That way the scale is 0-100 and the 20/80 levels are still usable...or whatever levels he wants like 30/70...?

Also thanks for letting me/us know that the WPR calculations for MT4 are different than MT5. I don't use MT5 and the WPR calc I found was from a wiki..

Thanks and God Bless you and others here for all your help,

Robert

Robert

He should add 100 in that case (abs would make a mirror image)

Also he ca use Stochastic with slowing set to 1 and price to High/Low (in that case it will be the same as WPR+100)

Depends if he wants to keep the negative values too

 
mladen:
Robert

He should add 100 in that case (abs would make a mirror image)

Also he ca use Stochastic with slowing set to 1 and price to High/Low (in that case it will be the same as WPR+100)

Depends if he wants to keep the negative values too

Just an update I switched to stochastic and it does exactly what I want, thanks guys

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