Abbreviation: %R ExpAvg
Category: Price Momentum Indicators: Smoothed
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
| Stochastic Periods | Int >= 1 | 5 |
| ExpAvg Periods | Int >= 1 | 5 |
Calculation:
ExpAvg(X, ExpAvg Periods)
where
X = %R(High Price, Low Price, Closing Price, Stochastic Periods)
%R represents Williams’ %R
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Williams’ %R indicator by calculating its moving average. Since it uses an exponential moving average (which gives more importance to the most recent periods than to less recent periods), the smoothing is influenced most by recent periods.