This script uses three lengths of Williams %R, calculates a bunch of averages and distances, highs and lows to determine pivots points. Lengths are currently optimised for 30m GER30.
Uses VDAX (dax volatility index) to calculate the expected daily range of the Dax.
formula: daytrading.about.com
Input the dax previous days close
and
This value: www.investing.com
and
The indicator will do the rest
