V.13:09 (381): SIDEBAR: The short-range oscillator
Product Description
THE SHORT-RANGE OSCILLATOR
The short-range oscillator combines daily New York Stock Exchange (NYSE) market statistics with the daily closing price of the Dow Jones Industrial Average (DJIA) to provide indications of overbought and oversold market conditions. Sidebar Figure 1 is a Microsoft Excel 4.0 spreadsheet demonstrating the results of the formulas. The first step is to add the day's number of advancing stocks to 50% of the day's number of unchanged stocks and express this sum as a percentage of the total issues traded. This step is calculated in column E. Enter the following formula into cell E2 and copy down:
...
The short-range oscillator combines daily New York Stock Exchange (NYSE) market statistics with the daily closing price of the Dow Jones Industrial Average (DJIA) to provide indications of overbought and oversold market conditions. Sidebar Figure 1 is a Microsoft Excel 4.0 spreadsheet demonstrating the results of the formulas. The first step is to add the day's number of advancing stocks to 50% of the day's number of unchanged stocks and express this sum as a percentage of the total issues traded. This step is calculated in column E. Enter the following formula into cell E2 and copy down:
...
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