leo1177 Posted March 1, 2014 Report Share Posted March 1, 2014 commercials: MovingAvg (Open - Close , bars used in average) / MovingAvg (Range , bars used in average) * 50 + 50 large trader: MovingAvgMod (Close - Close.8 , bars used in average) / MovingAvgMod (True Range , bars used in average) * 50 + 50 This is a very simple index. All I am doing is taking a moving average of the open minus the close for eight weeks and dividing that by the moving average of the true high minus the true low for the same eight weeks. In other words, we are looking at the relationship between the open and the close as a percentage of the range. That is all there is to it. I think the reason this works is because, unlike the public who buys based on closing activities, the Commercials tend to buy based on opening activity indications.[-O< Quote Link to comment Share on other sites More sharing options...
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