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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (8499)4/25/1998 12:43:00 PM
From: Jurgen  Read Replies (1) of 120523
 
Jenna, here is something very simple, it works for me:

%DistanceFromMovingAverage

{measures the distance between the closing price and a selected SMA}
MovLen:=Input("Length of Moving Avg: ",1,1000,13);
(C/Mov(C,MovLen,S)-1)*100

I use it mainly with 5,13 and 40day EMAs or 50/200 SMAs. The selected average and the trigger depend on the stocks or indices you watch.
Idea behind it is pretty simple: even in a strong trend the price won't run too far away from (won't come too close to) the average price
Try to smooth it with a MA and watch the crossovers.

Just a thought, maybe it works

Jurgen
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