DESCRIPTION 1. Calculates %R and RSI with multiple period lengths. 1 period length value is defined by User. 8 period length values follow User's selection of classic number sequences, e.g. Fibonacci, Leonardo, Lucas, Narayana, etc. 2. User selects which indicator and periods to display or hide.
CALCULATIONS %R = (period high - most recent period's close price)/(period high - period low) RSI = 100 - 1 / (100 + RS), where RS = SMMA(up, period) / SMMA(down, period)
PURPOSE 1. Identify price trends.
CREDITS 1. Williams %R technical analysis momentum oscillator by Larry Williams. 2. Wilder's Relative Strength Index technical analysis momentum oscillator by J. Welles Wilder. 3. "Solarized" color scheme by Ethan Schoonover.
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Added option for displaying moving averages of %R and RSI
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1) Added RMI, MFI, and RSX for reference.
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Add CCI
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Changed default colors
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Added more details to the CREDITS 1. Williams %R technical analysis momentum oscillator by Larry Williams. 2. Wilder's Relative Strength Index (RSI) technical analysis momentum oscillator by J. Welles Wilder. 3. Commodity Channel Index (CCI) by Donald Lambert. 4. Relative Momentum Index (RMI) by Roger Altman. 5. Money Flow Index (MFI) by Gene Quong and Avrum Soudack. 6. Relative Strength Quality Index (RSX) by Mark Jurik.
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Edited the CCI constant selection step variable
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Added Up/Down Volume Ratio restructured so that
1:1 ratio (up volume = down volume) at the 0 line.
7:3 ratio at the +40 line.
3:7 ratio at the -40 line.
9:1 ratio at the +80 line.
1:9 ratio at the -80 line.
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Changed the +/- range for up volume : down volume ratio to a user input 1 to100, default +/- 50.