The PCR (Percent Retracement) indicator shows the maximum distance by which the price has moved away from the highest High in the specified range.

The indicator has three input parameters:

  • Period - the range;
  • Overbought - overbought level;
  • Oversold - oversold level.

Calculations:

PCR = 100.0 * (1.0 - (Max+Close) / (Max-Min))

where:

  • Min, Max - the highest and lowest prices within the Period interval