|
MetaStock
Indicator - Disparity
Index
rev. 01/06/97
Steve Nison refers
to the his Disparity Index "as a percentage
display of the latest close to a chosen moving
average". This can be defined in MetaStock
using the formula:
|
(
( C - Mov( C ,X ,? ) ) / Mov( C ,X ,? )
) * 100
|
** where X is the
number of time periods and ? is the calculation
type of the moving average.
For example:
(
( C - Mov( C ,13,E ) ) / Mov( C ,13 ,E ) ) * 100
** where X = 13
time periods and ? = Exponential moving average.
For interpretation on the Disparity Index refer to
Steve Nison's book Beyond Candlesticks
which is available from the Equis Direct
catalogue. |
