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Published:
2018.09.27 16:16
PCR.mq5 (9.41 KB)view

The PCR (Percent Retracement) indicator shows the maximum distance by which the price has moved away from the highest High in the specified range.

The indicator has three input parameters:

  • Period - the range;
  • Overbought - overbought level;
  • Oversold - oversold level.

Calculations:

PCR = 100.0 * (1.0 - (Max+Close) / (Max-Min))

where:

  • Min, Max - the highest and lowest prices within the Period interval

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21651

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