Does anyone have any ideas as to how the percentile rank of e.g. the most recent RSI-value in a specific look-back period could be calculated in an indicator? (Similar to the percentrank function in Excel).
Thanks in advance for any help!
I already code the ATR percentile rank, you can find it in the Library : http://www.prorealcode.com/prorealtime-indicators/atr-percentile-rank/
This code could be easily adapted to any other indicator, such as the RSI. Let me know if you are in trouble 🙂
Nicolas, thanks for your quick response. That is very promising, I will look into it asap.