Firstly Many Thanks for the generosity of You Wonderful People, It really is appreciated.
I've been through all comments, looking for a MTF DZ onchartWPZ.
Is it available?
Many Thanks
Re: Dynamic zone indicators ...
242Sanni123, please excuse my ignorance but what is a WPZ?Sanni123 wrote: Fri May 12, 2017 9:57 am Firstly Many Thanks for the generosity of You Wonderful People, It really is appreciated.
I've been through all comments, looking for a MTF DZ onchartWPZ.
Is it available?
Many Thanks
Re: Dynamic zone indicators ...
243My bad. I was referring to the indicator on the 3rd post 'DZ onChart WPR'. The signals look good on low time frames, but please excuse my ignorance what's a WPR?
Re: Dynamic zone indicators ...
244SanniSanni123 wrote: Fri May 12, 2017 12:46 pm My bad. I was referring to the indicator on the 3rd post 'DZ onChart WPR'. The signals look good on low time frames, but please excuse my ignorance what's a WPR?
WPR (Williams Percent Range) is actually Stochastic with a lil bit change
MLADEN : When you set stochastic slowing to 1 and chose low/high for price,they are exactly the same - except that wpr is in negative value - i guess that Larry Williams "invented" that negative values in order to have an excuse to rename the stochastic
as for i remember there is no DZ mtf on chart version of WPR till now,may be will be made by kind experts or use stoch at place
Indicator is just a tool.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Re: Dynamic zone indicators ...
245Williams percent rangeSanni123 wrote: Fri May 12, 2017 12:46 pm My bad. I was referring to the indicator on the 3rd post 'DZ onChart WPR'. The signals look good on low time frames, but please excuse my ignorance what's a WPR?
A bit mashed up stochastic, but for a full description you can check here : Williams %R
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Re: Dynamic zone indicators ...
246Knowledge learnt, thanks for your generosity. Slightly confused, in that case the orange/green line which runs between the zones is indicating WPR and not an moving average as I initially thought.
Re: Dynamic zone indicators ...
247I guess it should be WPR but without picture how someone will be tell which one line are you talking aboutSanni123 wrote: Fri May 12, 2017 8:52 pm Knowledge learnt, thanks for your generosity. Slightly confused, in that case the orange/green line which runs between the zones is indicating WPR and not an moving average as I initially thought.
Indicator is just a tool.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Re: Dynamic zone indicators ...
248Could you show an example?Sanni123 wrote: Fri May 12, 2017 8:52 pm Knowledge learnt, thanks for your generosity. Slightly confused, in that case the orange/green line which runs between the zones is indicating WPR and not an moving average as I initially thought.
Dynamic zones WPR
250That indicator is applied to an offline chart (as far as I can see)Sanni123 wrote: Sat May 13, 2017 1:31 am Sorry for any confusion caused by me.
The image on third post.
Embarrassingly I have no idea how it calculates/indicates.
Try using HA offline and then apply the dz indicator to the offline chart