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I have read about an Indicator devised by a Canadian named Ron Miesel.
It is calculated on the closing price over a ten day period.
Each day it close higher +1 is registerd, each day it closes lower -1
is registerd. It it is unchanged 0 is registerd.
Then over the ten day period the lows are subtracted from the highs and
this result is plotted.
His theory is the stock was overbought at +6 and oversold at -6.
I would like to know if anyone knows of this indicator, and suggest a
formula for it to use in Metastock.
Thanks
Bill R.
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