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Wilson Relative Price Channel by Leon Wilson

[Editor's note: Article author Leon Wilson includes his version of MetaStock code for his strategy in his article in this issue.]

Leon Wilson's article, "The Wilson Relative Price Channel," introduces a new way to show overbought and oversold conditions. The procedure and formula for displaying these channel lines in MetaStock are given here.

Wilson Relative Price Channel

Periods:=Input("Channel Periods",1, 250, 34);
Smoothing:=Input("Smoothing", 1, 55, 1);
Value2:=Input("Over Bought", 50, 99, 70);
Value3:=Input("Over Sold", 1, 50, 30);
Value4:=Input("Upper Neutral Zone", 50, 99, 55);
Value5:=Input("Lower Neutral Zone", 1, 50, 45);

--William Golson
Equis International
Source / From: TOP  

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