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Not very, according to those screen shots lol! Like everything I am sure it can be tweaked some, but without looking at the logic --- the issue with ATR is that a 4 range bar will always have an ATR of 4 ticks... whereas a minute bar, volume bar, tick bar, etc --- the range varies. So, it will depend on how its logic is built.
Also, could you upload this to the Downloads/File Sharing section?
Not sure if you guys have seen this one or not. I downloaded it a few days ago, but haven't had time to try it yet. Definitely has a cool name though....
Here you go sharky... I think the idea is that you take long trades when the green line is above the blue. These are just the default settings though, so maybe it can be tuned better.
EDIT: Actually, after reading the info on it, I think the green above the blue means it's ok to trade long/short, otherwise it's chop and stay away...
This is the Williams %R indicator with JayMA smoothing. Williams %R is a momentum indicator designed to identify overbought and oversold areas.
By adding JayMA smoothing, we have a quick yet smooth version of this popular indicator.
COMPATIBILITY:
NinjaTrader …
whereas a minute bar, volume bar, tick bar, etc --- the range varies. So, it will depend on how its logic is built.
