StockFetcher Forums · Indicators and Measures · IndPosition<< >>Post Follow-up
stockfetcher
963 posts
msg #37597
8/23/2005 2:08:47 PM

IndPosition

Parameters Indicator
Length
Usage indposition(indicator,length)
Description This measure returns the current position of an indicator with respect to the min and max of the measure over the specified number of days.

The value returned will be between 0 and 1. Values closer to 0 indicate the measure is closer to the lower bound in the given period of time. Values closer to 1 indicator the current value of the measure is closer to making a high over the specified period of time.

Fetcher[ indposition(OBV,50) is between 0.45 and 0.55 and draw OBV and draw OBV 50 day high and draw OBV 50 day low]



StockFetcher Forums · Indicators and Measures · IndPosition<< >>Post Follow-up

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