Selected Indicator
Body Momentum
Body Momentum attributed to Perry Kaufman, calculates the momentum of the closes above the opens versus the closes below the opens. The theory ist hat as prices move up, closing prices will be higher than opening pricesand vice-versa for down. If this oscillator is above 70 then the whites(Candle-sticks) dominate and below 30 the blacks are dominant.
Indicator Code
(copy and paste into the Metastock Indicator Builder):
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