Find 100 differences of the technical indicator stochastic from the famous" indicators, invented by Larry Williams under the name WilliamsR. I personally did not find a single difference, well, naturally, except that it's just upside down. The values match up to the last decimal place. In the picture, the stochastic is 5,6650, а WilliamsR, respectively 100 – 5,6650 = 94,3350.
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Stochastic formula
n = period
HHn = Highest High over n periods
LLn = Lowest Low over n periods
C = PriceClose today
%K = Stochastic K = 100 * ( C – LLn ) / ( HHn – LLn )
WilliamsR formula
n = period
Hn = Highest high in last n periods
Ln = Lowest low in last n period
C = closing price of latest bar
Wm% R = 100 * ( Hn – C ) / ( Hn – Ln )
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How to explain it? Larry did not know the stochastic and "invented the bicycle"? Or, after all, знал, but I wanted to glorify my name, to light up in the programs of technical analysis of charts? Yes, what seminars do not go to just to cut more money from naive beginners.
By the way, got an idea. RSI вроде еще никто не переворачивал вверх ногами. Gerchik should be advised to get his programmers busy. There will be a new indicator GerchikR, which will be included in all technical analysis packages and will glorify its inventor all over the world.
