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Thank you very much Peter for your contribution!
The more we share with our solutions the more we gain from each other!
Thanks again,
Tomasz Janeczko
===============
AmiBroker - the comprehensive share manager.
http://www.amibroker.com
----- Original Message -----
From: "Peter Carr" <pcarr@xxxx>
To: <amibroker@xxxxxxxxxxx>
Sent: Friday, January 05, 2001 9:50 PM
Subject: [amibroker] Williams %R Indicator AFL
> The following indicator is my first attempt at using the AFL language
> and a contribution to an excellent piece of software.
>
> I hope you find it useful, and assume you haven't already created one.
> Please do check it's accuracy - I didn't have access to a formula,
> merely words in the books. Positive suggestions/criticism welcome.
>
> Peter
>
>
> =======================================================================
> /* Williams %R
> AFL Implementation by P P Carr 27 Dec 2000
>
> Based on comments from John J Murphy's Book
> Technical Analysis of the Financial Markets (USA)
> and Technical Analysis by Elli Gifford (UK).
>
> The formula has been modified to invert the display
> to show overbought and oversold areas in similar
> format to those of RSI and Stochastics.
>
> Days can be modified easily. A smoother EMA curve has
> been included, though not referred to in the above books.
> */
>
> days = 20;
> num = hhv( close, days ) - close;
> den = hhv( close, days ) - llv( close, days );
> rate = 100 - (num/den * 100);
> graph0 = rate;
> graph1 = ema( rate, 10 );
> =======================================================================
>
>
>
> --
> ======================================================================
> Peter Carr
> Email: pcarr@xxxx ICQ: 22586379
> ======================================================================
>
>
>
>
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