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RT's,
Here is a free indicator. Essentially it measures the percent that the Open
is above or below the Median Price(MP) and is shown by the red and blue
plots. When the Open is above the MP it plots a red bar and when below it
plots a blue one. When the open is consistently above the MP price goes down
and the converse. The other plots are a moving averages of the red and blue
plots (one faster and one slower).
Use at your own risk and I leave you evaluate the usefulness thereof.
Brent
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