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METASTOCK FOR WINDOWS
Here's how to use MetaStock to create market thrust, the MT-line and the thrust oscillator, three market timing
indicators found in Tushar Chande and Stanley Kroll's The New Technical Trader.
Market thrust calculates the products of advancing issues and advancing volume, as well as declining issues and
declining volume. This provides the daily advancing thrust, or power of the move, minus the declining thrust, thus
providing a clear picture if the market is advancing on greater volume or more stocks, or both. The MT-line is the
cumulative value of market thrust and provides the equivalent of a volume-based advance-decline line. The thrust
oscillator compares relative volume flows, has a bounded scale and has the same scale for up and down days.
Further information on all three indicators can be found in The New Technical Trader.