Stock Screener - US Stocks, Forex and ETFs Please enable JavaScript to view this page content properly  
     
   Percent of Resistance     
PERCENT OF RESISTANCE

Overview

Percent of Resistance (PCR) is an oscillator that compares a security's closing price to its price range over a given time period. It is similar in function to the Stochastic Oscillator.


Interpretation

Percent of Resistance may be interpreted in the following ways:

  1. Buy when the indicator falls below a specific level (e.g. 20) and then rises above that level. Sell when the indicator rises above a specific level (e.g. 80) and then falls below that level.

  2. Look for divergences. For example, prices are showing a series of new highs but PCR is failing to surpass its previous highs.


Calculation

The formula for PCR is given as:



 






Disclaimer - FAQ - Contact Us
Copyright ©2008-2016 Market In&Out. All rights reserved.
Best viewed in