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I am a fan of the williams percent range - this is the indicator the Asctrend system is based on
However it gyrates up and down alot
I decided to tame it a bit using FXsnipers code for LSMA
(credits for him are in the code)
so far it looks impressive on 30 min charts with wpr period 14 1 hour even looks better!!
be warned tho it does seem to backdraw a couple of bars
so you may get a yellow area then look again and its changed back to another color - so I use other indicators to confirm and because this is very EARLY i use it as a heads up for a swing change..
Hi Perky, good job.
I'm using LSMA for sometimes and find this indicator is usefull. This one may be better, but can you make it not to repainting self?
Using the digital filter generator (this soft is here in TSD forum but can´t remember where) you´ll find the dominant frecuencies are: 24 - 35 - 45 - 115 (for 30 min timeframe GBPUSD) play williams with this frecuencies and find the best for you. Read Simba conman thread for more info.
I am a fan of the williams percent range - this is the indicator the Asctrend system is based on
However it gyrates up and down alot
I decided to tame it a bit using FXsnipers code for LSMA
(credits for him are in the code)
so far it looks impressive on 30 min charts with wpr period 14 1 hour even looks better!!
be warned tho it does seem to backdraw a couple of bars
so you may get a yellow area then look again and its changed back to another color - so I use other indicators to confirm and because this is very EARLY i use it as a heads up for a swing change..
Criticisms ideas welcome..
enjoy
be nice if this could be addressed..
Nicely done there Perky,
Concerning the colors, I managed to code propper coloring for MA's etc. a while ago in MT4, only trouble is it uses all 8 buffers
Best wishes,
FX Sniper
__________________
"I do not need a compass to tell me which way the wind is shining."
thanks devil man its the same code only different colors
actually looking at it last night its not too bad
i think its a matter of waiting for the bar to close
its pretty good little predictor.
Well, as I remember, I was changing it's color for my comfort. If it has the same code, then it's not repainting itself, just like you've said, it's a matter of waiting for the bar to close. LSMA itself act like a radar in my system (thanks to FX Sniper), it's often tell me about real direction of the price, something that regular MA couldn't do.
Btw, have you build a system around it?
Linear Mode
