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I need to build an oscillator whose properties are as follows:
Value must be normalised between 0 and 100 (just like RSI etc etc)
Calculates the following -
Overbought areas are a function of higher highs and lows.
Oversold areas are a function of lower highs and lows.
The open or close are NOT used in the calculation.
Need to apply it to tick charts so open and close are obviously
meaningless.
Really need some help.
Mark Keenan
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