William%R Unhinged

[Ghost]

Platform

1. Thinkorswim

In this itteration of William % R it is not shackled by a range of -100 and 0 hence the "unhinged" part of the title. It is also smoothened and has no lookback.

https://imgur.com/a/6px2Oh3

https://imgur.com/a/Zejvym7

#Williams%R Unhinged
#Ghost

declare lower;
input length = 62;
def hh = ExpAverage(high, length);
def ll = ExpAverage(low, length);
def result = (hh - close) / (hh - ll) * (-100);

plot average = ExpAverage(result, length);

plot midline = 0;
plot topline = 50;
plot bottomline = -50;
midline.SetDefaultColor(color.white);
topline.SetDefaultColor(color.black);
bottomline.SetDefaultColor(color.black);

plot midline2 = 400;
plot topline2 = 450;
plot bottomline2 = 350;
midline2.SetDefaultColor(color.white);
topline2.SetDefaultColor(color.black);
bottomline2.SetDefaultColor(color.black);

plot midline3 = -400;
plot topline3 = -450;
plot bottomline3 = -350;
midline3.SetDefaultColor(color.white);
topline3.SetDefaultColor(color.black);
bottomline3.SetDefaultColor(color.black);

addcloud(topline2,bottomline2, color.magenta);
addcloud(bottomline3,topline3, color.magenta);
addcloud(topline,bottomline, color.cyan);