looking for a basic williams R indicator like in the pic ? anyone willing to make one .
$cashapp

hoppy123 

looking for a basic williams R indicator like in the pic ? anyone willing to make one . $cashapp

The Williams %R (percent of range) indicator is simply a stochastic oscillator with no smoothing (and with the scale reversed, so it's usually plotted with 0 at the top and 100 at the bottom.) It shows where price is in terms of a range of x bars. It does what it says it does, but it is not extraordinary. It does about as well as other overbought/oversold indicators, including stochastics (which is what it is .)

It's also probably included in all trading platforms as a built-in indicator. I just looked at NT 8 (and also 7), and it's listed as "WilliamsR."

Here it is on NT, shown with stochastics right under it:




Bob.

yes i guess i should of mentioned what i was looking for in it.To have the color in the oversold and over bought area and wanted to get the 3 horizontal line and be able to adjust where they are put .

hoppy123 

yes i guess i should of mentioned what i was looking for in it.To have the color in the oversold and over bought area and wanted to get the 3 horizontal line and be able to adjust where they are put .

Gottcha.

In that case, the best place for this post would be in the free NT indicator thread, here:

Want your NinjaTrader indicator created, free? Hey guys, I thought many of you would enjoy and benefit from this thread. My intention is to have each poster reply and describe in as much detail as possible an indicator they want created for NinjaTrader. The programmers on the forum (there are many), …

Just ask to have someone make these modifications to the standard WilliamsR indicator there. It is more likely that your request will attract attention in that thread.

This thread is closed to prevent a split topic.

Bob.