Hi all,
i found this calculation statement for an Overbought/Oversold indicator.
"The Overbought/Oversold indicator is a 10-period exponential moving average of the difference between the number of advancing and declining issues."
Not quite understand by the " difference between the number of advancing and declining issues" and as per formula below.
the formula as attached.
Any suggestion on other good OB/OS indicators?
thanks heaps.
i found this calculation statement for an Overbought/Oversold indicator.
"The Overbought/Oversold indicator is a 10-period exponential moving average of the difference between the number of advancing and declining issues."
Not quite understand by the " difference between the number of advancing and declining issues" and as per formula below.
the formula as attached.
Any suggestion on other good OB/OS indicators?
thanks heaps.
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