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David,
We are running a Larry Williams Seminar in Australia in April - having
run a number of his MDC Seminars in the past in Australia and having watched Larry Williams trade many times using this IndicatorI would be careful with what you are doing. Williams does not just use
Williams %R to take a trade - it is part of his plan.Merely being in an oversold Williams %R is not enough in itself for a buy
signal. You need other conditions in place for it to be a buy signal.
His book How I Made a Million Dollars Last Year Trading Commoditiesexplains the basic safer way of using the Williams %R.
When you say you Moving averages of the close do you mean of the Closing Price on the Stock. Why are you putting it in the %R window?PS Williams will be in Singapore April 13-16 with www.liontrader.com
too.
Warmest Regards
David Hunt________________________________
www.adest.com.au________________________________
-------Original Message-------
From: Metastockusers@xxxxxxxxxxxxxxx
Date: Wednesday, March 19, 2003 09:29:37
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: [Metastockusers] Williams%R
I wonder if anyone can help me.I have a main chart with the price and a moving average of the close.I have an inner window in which I have the Williams%R.I drag the moving average of the close into the Williams%R window and when it is in the oversold area, I use it as a buy indicator.My problem is that I am unable to code this so that I have a system test or exploration that says when the moving average of the close is in the oversold area ( i.e. under 20) of the Williams%R look to buy.Does anyone know how to code this? Many thanks, David.To unsubscribe from this group, send an email to:Metastockusers-unsubscribe@xxxxxxxxxxxYour use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
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