S&P Oscillator

its a top secret thing that no one has.

((High - Open) + (Close - Low)) / (2 * (High - Low))

tell jim cramer its out now.
 
Quote from MarkBrown:

its a top secret thing that no one has.

((High - Open) + (Close - Low)) / (2 * (High - Low))

tell jim cramer its out now.

So, there really isn't an S&P oscillator? It's not mentioned on the S&P products site.
 
I don't believe that this is the correct formula as the s&p oscillator that Cramer references goes negative indicating an oversold condition.
 
The oscillator that Cramer refers to is a proprietary one that shows up in the paper charts that arrive at his doorstep over the weekend.

It's an indicator that has been around for a long, long, time and if my memory serves me correctly it might actually be something from Investor's Intelligence.

I used to know, but its been so long that I have forgotten where this oscillator actually came from.
 
Quote from MarkBrown:

its a top secret thing that no one has.

((High - Open) + (Close - Low)) / (2 * (High - Low))

tell jim cramer its out now.


I don't see how this works or corresponds to your chart. Are you just using daily prices in this formula (i.e. day's high - day's open), etc?

Could you elaborate further on how you calculated your chart?

Thanks.
 
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