Good turning points using Williams % range??

[Perky]

I am a fan of the williams percent range - this is the indicator the Asctrend system is based on

However it gyrates up and down alot

I decided to tame it a bit using FXsnipers code for LSMA

(credits for him are in the code)

so far it looks impressive on 30 min charts with wpr period 14 1 hour even looks better!!

be warned tho it does seem to backdraw a couple of bars

so you may get a yellow area then look again and its changed back to another color - so I use other indicators to confirm and because this is very EARLY i use it as a heads up for a swing change..

Criticisms ideas welcome..

enjoy

be nice if this could be addressed..

[Perky]

extra note....

the white line is the "normal" williams percent range indicator overlaid on mine.

as a comparison

williams percent range is a default indicator supplied with meta4 - normally at the bottomish of the indicators

[Erman Ardianto]

Hi Perky, good job.

I'm using LSMA for sometimes and find this indicator is usefull. This one may be better, but can you make it not to repainting self?

[Perky]

Thants what I was asking in my first post

maybe it will evolve into something useful

if I can get a non repainting LSMA i can than re modify it

early times yet

[Erman Ardianto]

I guess this one is not repainting itself.

[Tragapips]

[Perky]

Devil2000:
I guess this one is not repainting itself.

thanks devil man its the same code only different colors

actually looking at it last night its not too bad

i think its a matter of waiting for the bar to close

its pretty good little predictor.

[FX_Sniper]

Perky:
I am a fan of the williams percent range - this is the indicator the Asctrend system is based on

However it gyrates up and down alot

I decided to tame it a bit using FXsnipers code for LSMA

(credits for him are in the code)

so far it looks impressive on 30 min charts with wpr period 14 1 hour even looks better!!

be warned tho it does seem to backdraw a couple of bars

so you may get a yellow area then look again and its changed back to another color - so I use other indicators to confirm and because this is very EARLY i use it as a heads up for a swing change..

Criticisms ideas welcome..

enjoy

be nice if this could be addressed..

Nicely done there Perky,

Concerning the colors, I managed to code propper coloring for MA's etc. a while ago in MT4, only trouble is it uses all 8 buffers

Best wishes,

FX Sniper

[Erman Ardianto]

Perky:
thanks devil man its the same code only different colors

actually looking at it last night its not too bad

i think its a matter of waiting for the bar to close

its pretty good little predictor.

Well, as I remember, I was changing it's color for my comfort. If it has the same code, then it's not repainting itself, just like you've said, it's a matter of waiting for the bar to close. LSMA itself act like a radar in my system (thanks to FX Sniper), it's often tell me about real direction of the price, something that regular MA couldn't do.

Btw, have you build a system around it?

[Perky]

well i use the kuskus system but just experimenting with earlier entries and waddahs explosive thing - god he does good stuff!!

basically waddahs and this is pretty good

when they both agree consider a trade

I normally only trade the UK session

you can try other setting in the :Swpr indicator

the magic# for wpr is 36 period

higher timeframes are better 30min up

[skydart]