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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Richard Estes who wrote (3154)9/19/1998 9:08:00 AM
From: Jurgen  Read Replies (1) of 3325
 
ok, here's a simple one, please don't laugh:

DistanceFromMA(DFMA):
SMA_Len:=50;
(C/Mov(C,SMA_Len,S)-1)*100

DFMA calculates the %age difference between closing price and moving average. I use it as an additional os/ob indicator.
Stocks always come back down, but how far can they get away from their average price? It's very stock-specific. For example, if Dell's DFMA reaches 30, it's close to a local top. For CSCO and MSFT, 20 works fine.

Jurgen
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