Nope. Made two basic modifications: 1- Removed volume and volatility filter, since I didn't see any edge using it; 2- Use a simple MA (place it over %R - based on previous indicator) with half the period of the Williams %R, then when MA slope turns up/down, place a limit order at last trough/peak (last zigzag with same period of %R).
{quote} Nope. Made two basic modifications: 1- Removed volume and volatility filter, since I didn't see any edge using it; 2- Use a simple MA (place it over %R - based on previous indicator) with half the period of the Williams %R, then when MA slope turns up/down, place a limit order at last trough/peak (last zigzag with same period of %R).
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Hi, when you say half the period of the Williams %R from the original 100 would now be 50 and the MA from 55 EMA to 55 SMA?
{quote} Actually I mean that for any period you choose for WPR, use a simple MA over it with half its period (if WPR period is 100, so MA should be 50).
Hi salim Glad you got some pips from that move... binnie, I had some luck on AUDNZD and GBPCHF when I was testing, originally, with opening and closing on each signal. The only difference is I wasn't using the 55ema or volume, just crosses of the -20/-80 lines. Regular pairs did not seem to respond like gold, silver and oil do with the current system. @all, I am in contact with a coder, whom I have been working with, on some renko EAs. He has had a look at this thread and thinks we could make it into a single indicator, with arrows for signals and...
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Pls I need help in how to set this signal on the metal 4 trading app
Consecutive Candles Williams %R and Volume with 55EMA Baseline
Chris {image}