four
5,087 posts
msg #109704
- Ignore four |
12/30/2012 1:34:17 AM
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johnpaulca
12,036 posts
msg #109708
- Ignore johnpaulca
modified |
12/30/2012 12:22:13 PM
Billy(93) > -54 (below is weakness short the bounce)
Billy(93) < -17 (above is strength stay long)
(-39 to -54) gives you the black hole(don't trade in there or high risk)
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four
5,087 posts
msg #109709
- Ignore four |
12/30/2012 2:30:16 PM
1. Thank you
2. Do you find that "Billy" works on daily and weekly and intraday time frames consistently?
3. May I ask where you found "Billy" or how you created Williams %R(93)?
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johnpaulca
12,036 posts
msg #109710
- Ignore johnpaulca |
12/30/2012 3:08:28 PM
Billy is used for trend, don't use for bottom picking it's too unreliable, try RSI_ema when you find the right period it will look exactly like Billy93, will be excellent for bottoms... keep playing you're on the right track. You can also try Billy41 or Billy8 depending on your time frame or try combination slow and fast for pullback within a trend. The chart I normally post here is Billy but I think you already figured that out...nice!!!
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