R Channel?

[app2]

I was having a look at the AmiBroker code library and came across an interesting formula called 'R' Channel.

http://www.amibroker.com/library/detail.php?id=325

I googled around a bit but I couldn't find anything on it (I found about a trillion other pages that weren't relevant though!)

Anyone out there know about R Channel and how to interpret the plots?

Cheers,

A.

 

[rub92me]

Post on the Yahoo Amibroker forum indicates it is something the author put together himself. He asked for some feedback on the same forum but none was forthcoming.