[EquisMetaStock Group] Re: what is the S&P oscillator? how good is it?

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

ecow,

Mark Brown on the Elite Trader board swears that its

((High - Open) + (Close - Low)) / (2 * (High - Low))

You would likely get a division error if you use it. 
The rewritten version below should work fine:

{S&P Oscillator}
{by MarkBrown on EliteTrader}
((HIGH-OPEN)+(CLOSE-LOW))/
Max((2*(HIGH-LOW)),.000001);


The S&P oscillator is supposed to be "proprietary".
The likelihood that Mark's version is correct would certainly be 
questionable.

Is there anything comparable to what is listed above? The Stochastic 
and the StochRsi that Steve Karnish posted just recently quickly come 
to mind.

Hope this helps,


Preston




--- In equismetastock@xxxxxxxxxxxxxxx, ecow77 <no_reply@xxx> wrote:
>
> I just heard from mad money about this standard & poor's oscillator.
> what is the S&P oscillator? how good is it? is there any formula
> similar to it in metastock?
>



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