Hi,
Steve Nison in "Beyond Candlesticks" describes a simple indicator called the Disparity Index. It is a chart of the % difference between closing price and an X-period MA. The theory being that price extended far above or below the MA is likely to reverse.
I couldn't find this in the efs database. Would someone be interested in creating it?
Steve Nison in "Beyond Candlesticks" describes a simple indicator called the Disparity Index. It is a chart of the % difference between closing price and an X-period MA. The theory being that price extended far above or below the MA is likely to reverse.
I couldn't find this in the efs database. Would someone be interested in creating it?
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