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Yes, the William's %R is an absolutely unessential indicator, as shown
below by the identical plots in this indicator:
---8<--------------------------
pds:=Input("Stochastic/WilliamR periods",1,2520,14);
{ Stochastic - unsmoothed }
Stochastic:=Stoch(pds,1);
{ William's %R, +100 shifted }
WilliamR:=WillR(pds)+100;
{ Plot both in own window }
Stochastic;
WilliamR
---8<--------------------------
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
<andrew_tomlinson@xxx> wrote:
>
> Williams %R is just an upside-down stochastic.
> Using them both is wasted screen space.
>
>
>
> -----Original Message-----
> From: equismetastock@xxxxxxxxxxxxxxx
> On Behalf Of stocks_bobby
> Sent: Monday, June 12, 2006 6:31 AM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Best lead indiactor
>
> Dear Group Members,
> I am from India and trade in futures using metastock.
> I do Intra day trading, that is I square of my position at teh end
> of each trading day.
> Currently I am using stochastic oscillator(Parameters-6,5,3),w%R,and
> MACD(Parameter-5).
>
> Can any body advice me about any indicator which can lead the
> market- that is an indicator which can tell me what is going to
> happen before it really happens.
> If their is an indiactor,kindly also give me it's parameters or
> formulae.
>
> Hoping to hear.
> Bye
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