hi friends,
i am attachin a word doc which i downloaded from traderji.i wanted to know how such a williams r indicator is created in amibrker.with those shaded regions on the graph as it reaches oversold/oerbought region.also the various horizontal lines.
//-- Begin of Script -----
pds = Param( "Periods", 3, 2, 200);
OB = Param( "OB Level", -15, -49, 0);
OS = Param( "OS Level", -85, -100, -51);
WR = ((HHV(H,pds) - C) /(HHV (H,pds) -LLV (L,pds))) *-100;
_N(Title = StrFormat("{{NAME}}- W%%R(%g)= %g", pds, WR));
Plot( WR, "", ParamColor( "Color", colorBrown ), ParamStyle("Style"));
Plot(OB,"",colorBlack);
Plot(OS,"",colorBlack);
PlotOHLC( WR,WR,-50,V, "", colorBrown, styleCloud | styleClipMinMax, OS, OB );
//-- End of Script -----
