What is "%k" on a wpr indicator?
mladen i had seen a indi with william %R along with that there is a SMA included in Chartnexsus software, in a single indi. wanted to know if there is one in MT4.... it is not %k? I will try if i can provide a screen shot of the same
You can use Stochastic (stochastic - 100 = wpr)
I think that it is what you are looking for
attached a screen shot
mladen another screen shot of M4 downloaded from another forum
mladen yes your advise is perfect.... it is same like stochastic.... only wanted to know if there is such type of indi ?
As far as I know there is no such one since it would be duplicating the stochastic indicator
See this example :
Upper is stochastic (high/low,14,1,1) and lower is Wpr 14. As you can see they are exactly the same.
If you now take the stochastic (any stochastic with alerts from this thread) and set the DPeriod to any value you wish and set the ma method to sma, you are going to get what you wanted to get from wpr (signals at exactly the same places as it would be using wpr). Plus, you have the possibility to smooth the stochastic using the slowing parameter
could you add the alert for this indicator when the red line breaks out of the channel and the bar closes?
mladen its a very good explanation thanks a lot... yes you are perfectly right
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