On Chart Williams Percent Range

This is a variation of Williams' Percent Range indicator which draws high/low/mid range and overbought/oversold levels directly on the chart, where the last candle Close price corresponds to the %R value.

Advantage of this representation is that it is possible to see exact extremum reaches by price (0 and -100 levels) and current price value in regards to overbought/oversold conditions.

In addition, this indicator allows tracking price action on a different timeframe (for example, see the price levels of %R calculation for a D1 data while on H1 or M15 timeframe) and/or for a specific time interval (for example, from 2013.10.15 to 2015.05.11). This can be achieved by specifying calculation timeframe, start date and end date explicitly. Other customizations include calculation period and overbought/oversold levels.


Indicator parameters:

  • PeriodCandles - The number of candles to use in calculation. The minimum allowed value is 2. The default value is 10.
  • OverboughLevel - The value of overbought level used to draw the overbought line. Allowed values are in range from -100 to 0. The default value is -20.
  • OversoldLevel - The value of oversold level used to draw the oversold line. Allowed values are in range from -100 to 0. The default value is -80.
  • CalculationTimeFrame - The timeframe to use in calculation. Allowed values range from M1 to MN1 and Undefined. Undefined will use the currently selected timeframe. The default value is Undefined.
  • StartDateSpecified - Defines if StartDate parameter is to be used in calculation. The default value is false.
  • StartDate - The start date of a specific time interval to use in calculation. Allowed values are in range from 1970.01.01 00:00 to current time. The default value is 1970.01.01 00:00.
  • EndDateSpecified - Defines if EndDate parameter is to be used in calculation. The default value is false.
  • EndDate - The end date of a specific time interval to use in calculation. Allowed values are in range from 1970.01.01 00:00 to current time. The default value is 1970.01.01 00:00.
  • MaxCandlesInHistory - The maximum number of candles to draw the indicator levels. The default value is 10000.
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RelicusRoad Pro: Quantitative Market Operating System 70% OFF LIFETIME ACCESS (LIMITED TIME) - JOIN 2,000+ TRADERS Why do most traders fail even with "perfect" indicators? Because they trade Single Concepts in a vacuum. A signal without context is a gamble. To win consistently, you need CONFLUENCE . RelicusRoad Pro is not a simple arrow indicator. It is a complete Quantitative Market Ecosystem . It maps the "Fair Value Road" price travels on, distinguishing between random noise and true structur
KT Alpha Hunter Arrows MT5
KEENBASE SOFTWARE SOLUTIONS
Indicators
Most arrow indicators give you a signal and leave you to figure out the rest. KT Alpha Hunter Arrows gives you the full trading plan. Every signal arrow prints with a full plan already drawn: entry line, stop-loss, four take-profit levels, and a live edge verdict telling you whether this symbol and time-frame is worth trading right now. An included Trade Manager EA handles the execution after you enter, so discipline stays intact when the market gets loud. Non-repaint. Closed-bar signals only. B
PZ Support Resistance MT5
PZ TRADING SLU
3.71 (7)
Indicators
Unlock key market insights with automated support and resistance lines Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and evaluate. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] Boo
PZ Swing Trading MT5
PZ TRADING SLU
5 (5)
Indicators
Protect against whipsaws: revolutionize your swing trading approach Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market is oversold or overbought and ready to correct. [ Installation Guide | Update Guide | Tro
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