JPercentile indicator for MT4?

[mookfx]

Does anyone have a JPercentile indicator for MT4 or know where I can find the formula behind the indicator. I'm currently searching and nothing of use is coming up.

Thanks,

Mookfx

[mookfx]

Update on search for JPercentile Cycles...

So here is what I've found since posting yesterday and an image included:

JPercentile (20%): Price is valued as a percentile, measured against the last 21 days (roughly 1 month of trading) for intermediate tops and 52 weeks (1 year) for major tops. Probability increases that the pair is nearing a short term top when the JPC indicator reads 100%. A reading of 0% indicates the potential for a bottom. Every top has a reading of 100% but not every reading of 100% is a top. Besides the percent reading we also need to see a turn out of the extreme level (ie. If it reaches 100%, we need to have it pointing downwards and vice versa) to determine whether this is a top or bottom. The box is only checked when we see a turn off of extreme levels in the JPercentile reading.

Does anyone have it?

Mookfx

[SavvyTrader]

From FXCM

Hi Mookfx,

I spoke with FXCM Live Chat this evening and asked about this indicator. They said to access live account holders that will have this indicator included as for a free.

I heard it is very helpful tool in trading.

SavvyTrader

[mookfx]

Cheers, thanks for the post.

Mookfx

[Linuxser]

No formula?

Seems a modified Williams R%.