InvestorsHub Logo
Followers 62
Posts 2917
Boards Moderated 3
Alias Born 03/28/2002

Re: AIMAGIC post# 8711

Monday, 07/18/2022 2:16:13 PM

Monday, July 18, 2022 2:16:13 PM

Post# of 8725
HI AIMagic!

I'm sorry for these long delays in responses! It's these summer months that keep me occupied with so many different things that I forget to check back in here.

But once again your eye is sharper than an eagles! Yes, I've modified the Williams%R to suit my purposes. My formula gives me a higher range than zero to -100 in the standard W%R formula. Since I like to use the histogram for visualization it's just easier for me to see the extremes in movement. The exact numbers for W%R in the standard method don't matter as much as the high and low bars on my histogram chart. I'm still getting the gist of price extremes and overbought/oversold conditions as measured by W%R, but in a way I can visualize easier. The 8 day sma just works best for this method. I'm sure I've experimented with other sma's in the past but it's been so long I can't give you a precise breakdown of those results.

Thanks again for the penetrating study of the spreadsheet and please keep the questions coming. Keeps me sharp. smile
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.