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trader273

Williams %R with 2 Hull MA

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This will plot a %R and two Hull Moving averages in OEC. When applying this indicator make sure to select "Create in New Area".

 

inputs: 
RLength( 14 ), 
OverSold( 20 ), 
OverBought( 80 ), 
price(Close), 
length1(20),
Length2(40);

variables:
PctR(0), HMA1(0), HMA2(0);

PctR = PercentR( RLength ) ;
HMA1= jtHMA(PctR, length1);
HMA2=jtHMA(PctR,length2);

Plot1( PctR, "%R" ) ;
Plot2( OverBought, "OverBot" ) ;
Plot3( OverSold, "OverSld" ) ;
Plot4(HMA1, "HMA1");
Plot5(HMA2, "HMA2");




#function jtHMA

Inputs: price(NumericSeries), length(NumericSimple);
Vars: halvedLength(0), sqrRootLength(0);


if ((ceiling(length / 2) - (length / 2)) <= 0.5) then
halvedLength = ceiling(length / 2)
else
halvedLength = floor(length / 2);

if ((ceiling(SquareRoot(length)) - SquareRoot(length)) <= 0.5) then
sqrRootLength = ceiling(SquareRoot(length))
else
sqrRootLength = floor(SquareRoot(length));

Value1 = 2 * WAverage(price, halvedLength);
Value2 = WAverage(price, length);
Value3 = WAverage((Value1 - Value2), sqrRootLength);

jtHMA = Value3;




#function PercentR
inputs: Length( numericsimple ) ;
variables: HH( 0 ), Divisor( 0 ) ;

HH = Highest( High, Length ) ;
Divisor = HH - Lowest( Low, Length ) ;

if Divisor <> 0 then 
PercentR = 100 - ( ( HH - Close ) / Divisor ) * 100
else
PercentR = 0 ;




#function WAverage
inputs: 
Price( numericseries ), 
Length( numericsimple ) ; { will get divide-by-zero error if Length = 0 }

variables: 
WtdSum( 0 ), 
CumWt( 0 ) ;

WtdSum = 0 ;
for Value1 = 0 to Length - 1 
begin
WtdSum = WtdSum + ( Length - Value1 ) * Price[Value1] ;
end ;
CumWt = ( Length + 1 ) * Length * .5 ;
WAverage = WtdSum / CumWt ;

 

mh4yly.png

%R wtih 2 HMA.txt

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