ProRealTime documentation

Return value of the Williams Accumulation Distribution indicator of selected price.

Syntax:

Calculation :

TRH = the highest of (yesterday’s close or today’s high)

TRL = the smallest of (yesterday’s close or today’s low)

If the today’s close > yesterday’s close then A/D = today’s close – TRL

if the today’s close < the yesterday’s close then A/D = today’s close – TRH

If the today’s close = yesterday’s close then A/D = 0

A/D William = today’s A/D + yesterrday’s A/D William

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Return value of the ZigZag indicator on percentage variation point, for the selected price.

Syntax:

Interpretation :

The advantage of this indicator is that it displays the most relevant price movements by eliminating the smaller ones. The sensitivity of representation of these fluctuations is determined by a percentage of by number of points which can be applied to the price (open, high, low, close).

This indicator is very visual and can be useful in breaking down the Elliot Wave evolution of a security.

Represents the Zig-Zag indicator in the Eliott waves theory calculated on Zp points, for the selected price.

Syntax: