Williams %R & RSI with Multiple Periods

2021年12月31日

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.

DEFAULTS
%R default custom period: 10.
RSI default custom period: 14.
%R & RSI default number sequence periods: Lucas numbers 11, 18, 29, 47, 76, 123, 199, 322.

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.

2022年2月11日

發行說明

Added option for displaying moving averages of %R and RSI

2022年3月9日

發行說明

1) Added RMI, MFI, and RSX for reference.

2024年1月29日

發行說明

Add CCI

2024年1月29日

發行說明

Changed default colors

2024年1月30日

發行說明

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.

2024年1月30日

發行說明

Edited the CCI constant selection step variable

2024年2月1日

發行說明

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.
  

2024年2月21日

發行說明

Changed the +/- range for up volume : down volume ratio to a user input 1 to100, default +/- 50.

2024年2月28日

發行說明

Changed some defaults. Added notes into code.