Wilson Relative Price Channel (WRPC)

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Wilson Relative Price Channel (WRPC)

Postby Alexander.Gettinger » Fri Jun 15, 2012 3:19 pm

Original indicator: viewtopic.php?f=17&t=19607&p=34663

Formulas:
OverBought=Price*(1-(MA-OB)/100),
OverSold=Price*(1-(MA-OS)/100),
NeutralUp=Price*(1-(MA-UNZ)/100),
NeutralDown=Price*(1-(MA-LNZ)/100), where
MA - EMA with period [SP] from RSI with period [CP],
Price - Applied price (0 - Close, 1 - Open, 2 - High, 3 - Low, 4 - Median, 5 - Typical, 6 - Weighted).

WRPC_MQL.PNG


Download:
WRPC.mq4
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Alexander.Gettinger
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