Advance/Decline Divergence Oscillator for Metastock
This oscillator plots the percentage difference between the close price and and the time series forecast. Values over 0 indicate that the price is moving away from the forecasted price and into the overbought territory. Values less then 0 indicate the price is moving into the oversold range as it is less then the forecast.
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Indicator / Formula
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cv:= Input("Time Periods of TSF -",5,100,14);
((CLOSE - TSF(CLOSE, cv))/ TSF(CLOSE, cv)* 100)0 comments
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