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How can you convert this formula to give William's peak?
Nick Channon wrote:
Hi Sean, yes I agree it's a great
book - I especially like the 'oops' strategy for daytrading (can't remember
if it was that book or another of Larry's.) Unfortunately
I don't have time to try to program indicators etc myself, so I'm always
on the hunt for ready-made ones. In case it's useful, here's a formula
(given me by a friend of mine) for the William's Trough: Ref(WillR(14),-1)
= Trough(1,WillR(14 ),2)
AND Ref(WillR(14),-1) < Ref(WillR(14),-2) AND WillR(14) > Ref(WillR(14),-1)
AND Ref(WillR(14),-1) < -90;I haven't gotten around
to trying it out yet so I can't vouch for it! CheersNick
<blockquote dir=ltr
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">-----Original
Message-----
From: Sean Taylor <cloudnine@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx
<metastock@xxxxxxxxxxxxx>
Date: Tuesday, 14 August, 2001
8:53
Subject: RE: Metastock plug-ins
for Larry Williams
Nick,Have
you read 'Long Term secrets to Short term trading' ? I think it's
a great book.I
want to look at implementing some of his TDW/TDM ideas via indicators.
i.e.an indicator that gives a weighting for each day of the week based
on a stocks historical record.His
patterns sound good as they are based on market psychology. i.e.
the market thought price was heading this way but if it immediately reverses
and takes out price X then it will likely continue...He
also uses intermarket analysis to weight things in his favour. Hence
I'm looking at interest rates and bond prices to influence the S&P.Sean
-----Original
Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Nick Channon
Sent: Sunday, August 12, 2001
5:10 AM
To: metastock@xxxxxxxxxxxxx
Subject: Metastock plug-ins
for Larry Williams
Hi group, I wonder if anyone can
tell me where to obtain Metastock plug-ins related to the work of Larry
Williams? Any pointers to explorations, experts and indicators would be
appreciated. Many thanks,Nick
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