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Williams %R with JayMA smoothing

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 6.5: YES
NinjaTrader 7.0: [COLOR=#0000ff]NOT TESTED [feedback][/COLOR]

Category NinjaTrader 6.5 Indicators

Details: Williams %R with JayMA smoothing
Category: NinjaTrader 6.5 Indicators

June 19th, 2009
Size: 10.04 KB
Downloaded: 989 times

Keywords: bmt jayma ninjatrader williams

Comments/ratings

fxprobie September 27th, 2010 01:11 PM

I have been using this on both 6.5 and NT7 and it works well on both. Only bug bear which is minor and of my own making is that I sometimes like to have it updated live. ie not on bar close and this can give a couple of wiggley bits. Starts one colour going down and then changes and goes up leaving spikes. Moral: wonderful indicator not to be used on live update.
Thanks so much.

tamerrashdan August 31st, 2012 10:32 PM

Amazing
I don't care about the colors or shape of the indicator or if it's above 80 or under 20
Only the UP and DOWN values
Stay long until there's value above Zero in DOWN
Stay short until there's value above Zero in UP