Smoothed Williams %r

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07/19/2023 at 11:35 PM #217907 quote

neddyboy

Participant

New

Hi,

Does anyone know how to code a smoothed Williams % indicator?

I’ve search the code library but can’t find anything.

Thanks

Jim

07/20/2023 at 7:04 PM #217960 quote

robertogozzi

Moderator

Legend

This is the code by Nicolas:

//PRC_WilliamsRpercent - 01.09.2016 - Nicolas @ www.prorealcode.com
//
period = 14
hh     = highest[period](high)
ll     = lowest[period](low)
Wp     = ((hh-close)/(hh-ll))*-100
return Wp as "Williams R percent", -20 as "-20 level", -80 as "-80 level"

you can add the smoothing just BEFORE the last line:

//PRC_WilliamsRpercent - 01.09.2016 - Nicolas @ www.prorealcode.com
//
period = 14
hh     = highest[period](high)
ll     = lowest[period](low)
Wp     = ((hh-close)/(hh-ll))*-100
Smooth = average[period,0](Wp)
return Wp as "Williams R percent", Smooth as "Williams R% Smoothed", -20 as "-20 level", -80 as "-80 level"

you can change the type of MA (o=sma, 1=ema, etc… as from https://www.prorealcode.com/documentation/average/) and periods.

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