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Using Indicators
Calculation:
Parameters:
Period (10) - The number of price bars, or the interval, used to
calculate the study.
Common Formula:
You must first determine the highest high and lowest low for the
length of the interval. This is the trading range for the specified
interval. The general formula for the %R is as follows:
%Rt = ( (Highn - Closet) / (Highn - Lown) ) * -100
%Rt: The percent of the range for the current period.
Highn: The highest price during the past n trading periods.
Closet: The closing price for the current period.
Lown: The lowest price during the past n trading periods.
n: The length of the interval.
Example:
Assume the market is Treasury Bills. The high for the past ten
trading intervals is 9275, and the low is 9125. The closing price in
the current period is 9267. If you substitute those values in the
equation, you get:
%R = ( (9275 - 9267) / (9275 - 9125) ) * 100
= (8 / 150) * 100
= 5.33
Updated Formula:
%Rt = ( (Closet - Lown) / (Highn - Lown) ) * -100
Customizing:
To change the settings of this indicator, open the Program Options
screen by clicking the Program Options button located on the main
Toolbar. See the Program Options section for more details on
changing the settings.
Track ‘n Trade Pro 4.0 User Manual
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