I keep hearing about this, but how do I subscribe or find it? (How much, too?) It's not ont he S&P site.
its a top secret thing that no one has. ((High - Open) + (Close - Low)) / (2 * (High - Low)) tell jim cramer its out now.
no thats it - mb fer real i will do a chart and show you. http://www.yafeu.com/pic/sposc/markbrown.com_20080113_182253.png
http://www.yafeu.com/pic/sposc/markbrown.com_20080113_190745.png here i fixed it where i think it is supposed to be. mb when it goes below 41 look to buy when it goes above 59 look to sell.
I don't believe that this is the correct formula as the s&p oscillator that Cramer references goes negative indicating an oversold condition.
The oscillator that Cramer refers to is a proprietary one that shows up in the paper charts that arrive at his doorstep over the weekend. It's an indicator that has been around for a long, long, time and if my memory serves me correctly it might actually be something from Investor's Intelligence. I used to know, but its been so long that I have forgotten where this oscillator actually came from.
I don't see how this works or corresponds to your chart. Are you just using daily prices in this formula (i.e. day's high - day's open), etc? Could you elaborate further on how you calculated your chart? Thanks.