For interpretation refer to TASC
magazine (March 1997), "Market timing with the regression oscillator"
by Richard Goedde.
||100 * ((Close(0) / LRL(Close(0), 63, 1)) - 1)
Download to import into Tradecision.
How to use this custom indicator in Tradecision:
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click the Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
Now you can insert the indicator directly into a price chart or modify it like any other in-built indicator.