Registered User
Joined: 1/29/2005
Posts: 8
|
Can you write the pcf for this calculation?
%R = (Highest high over x periods - close / highest high over x periods - Lowest low over x periods) X -100
x= 14 days
Your response is greatly appreciated.
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Your formula:
(MAXH14-C)/(MAXH14-MINL14)*(-100)
plots the sams as
(100*(C-MINL14)/(MAXH14-MINL14))-100
Which is the same pattern (and reveals nothing different) as
100*(C-MINL14)/(MAXH14-MINL14)
The above is a Stochastics of 14 with no smoothing.
You can just add a Stochastics with a period of 14 and 1 for SK and SD.
William's %R does not uncover anything about price that Stochastics doesn't already reveal.
You may find this interesting: Williams % R
- Craig
Here to Help!
|