Anas %R
modification %R indicator allowing the indicator comparing current close above or bellow previous high and low
so if indicator above 0 then its closed above previous highest high and high chance of up trend .
if bellow -100 its closed bellow lower low and high chance of down trend .
normal period setting are 62 % of the monitored time .
for inter day its 15 hours period , for daily its 14 days (22 working day of the month) , if the market is open 30 day per month it will be 18 or 19 days (like bitcoin market) .
so if indicator above 0 then its closed above previous highest high and high chance of up trend .
if bellow -100 its closed bellow lower low and high chance of down trend .
normal period setting are 62 % of the monitored time .
for inter day its 15 hours period , for daily its 14 days (22 working day of the month) , if the market is open 30 day per month it will be 18 or 19 days (like bitcoin market) .
Versionshinweise:
line color fixed to represent the current trend favor