Installing Williams Percent Range indicator (%R) on NetTradeX Platform

1. By the command “Indicators” (From the context menu or with the help of the button situated on main mage) user can open dialogue window called “Indicators”, which consists of two parts; “Available Indicators” and “Set indicators”.

   First, left part of the window contains the list of indicators. Second, right part of the window contains the list of chosen indicators in a form of a “tree” stating the name of the financial tool on the top of hierarchical indicator list. User can easily find the “Williams Percent Range” indicator and select it with one click.

   

2. Clicking on “Set” Button (on the “Indicators” window), indicator dialogue settings opens name as “Williams Percent Range”. This consists of two types of tabs; “Data” and “View”.

   

3. After indicator settings is set user must click on “OK” button to set the indicator on the chart window.

   

4. Williams Percent Range (%R) is a technical indicator developed by Larry Williams to identify whether an asset is overbought or oversold and therefore to determine possible turning points. Unlike the Stochastic oscillator Williams Percent Range is a single line fluctuating on a reverse scale.

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