ChartArt

Today I Learned: William %R and Stochastic show the same signal

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
570 0 2
"Developed by Larry Williams , Williams %R is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. It reflects the level of the close relative to the highest high for the look-back period. In contrast, the Stochastic Oscillator reflects the level of the close relative to the lowest low. As a result, the Fast Stochastic Oscillator and Williams %R produce the exact same lines."

Source: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:williams_r

I also discovered that John Ehlers' ZeroLag EMA shows the exact same signal as the classic double exponential moving average (DEMA).

Source:
Indicator: Zero Lag EMA & a simple trading strategy
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