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Candle Stick RSIz


Candle Stick RSIz

An oscillator defining over bought and over sold areas in the market.

It adds all positive Closes and the subtracts the Open of n bars.  It then adds all absolute values of the Closes and then subtracts the Open of n bars and then divides all positives by all absolutes. Finally, it subtracts 50 to create the range of -50 to 50.

 

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