Quote:
Originally Posted by neznau
Iam a begginer, and don't understand your set up in Filters, it is said "8%R (levels-80 -20 visible) over 13 RSI". Is this a set up for RSI? what is the numbers for it and what is % mean. Please help me to understand. Thank You
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I think I can help here
This setup is for MT4, so if one is using another platform, you may not be able to.
The 8%R is the "Williams Percent Range" indicator. Add it to your chart and it will open a separate window. The parameters for it are a period of 8, (and add levels of 80 & 20 if they're not defaulted).
Then drag & drop the "RSI" (Relative Strength Index) indictor to the Williams Percent indictor window so that it overlays it (not in it's own window). The RSI period is changed to 13 (14 is default).
Conversley you could have an RSI window open and drag n drop the %R indicator into it ...doesn't matter as long as the two indicators are in the same window.
Take a look at PIPology's chart attachments and it should help visually. He also has a MACD in a separate window too.
I think that's about it.