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If the most recent closing price is above the penultimate closing price then
your equation generates a zero, otherwise it generates a -1.
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of David Riese
> Sent: 11 November 2000 23:16
> To: metastock@xxxxxxxxxxxxx
> Subject: MetaStock Formula
>
>
> Hi:
>
> Can anyone please tell me that the following formula
> means in English?
>
> "(C>Ref(C,-1)-1)"
>
> I am assuming that the Close is > Close of yesterday, but
> what is the
> second "-1"
>
> Thanks in advance.
>
>
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