Based on request.
viewtopic.php?f=27&t=63610&p=106835#p106835
Formula:
%RR= ( (%R Williams) + ( Rendiment) ) / 2
1) %R williams is the indicator of Larry Williams
%R = (Highest High - Close)/(Highest High - Lowest Low) * -100
2) Rendiment= X * natural logarithm (Close1/Close2)
close1= close of previous candelstick
close2= close of candelstick N periods ago
Normalization will shift, normalize Quantitative Return Oscillator to Williams% R indicator range.
Williams Rendiment.lua- (4.99 KiB) Downloaded 704 times
