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MetaStock
Indicator - STIX
Oscillator
rev. 01/06/97
STIX oscillator is
a short-term trading oscillator that was published
in The Polymetric Report. It compares the
amount of volume flowing into advancing and
declining stocks.
Calculation:
STIX is based on a variation of the
Advance/Decline Ratio:
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A/D
Ratio = (Advancing Issues /(Advancing
Issues + Declining Issues)) * 100
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The STIX is a
21-period exponential moving average of the above
A/D Ratio. In MetaStock this would be:
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STIX
= Mov((Advancing Issues /(Advancing
Issues + Declining Issues)) * 100,21,E)
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To construct the STIX in MetaStock for Windows you
would need to perform the following steps:
- In The
DownLoader for Windows create a composite of
the Advancing Issues + Declining Issues.
- In MetaStock
open the composite and the Advancing Issues
- Tile the charts
so they can both be viewed.
- Drag the plot
of the composite into the chart of the
Advancing Issues.
- Create the
custom formula: Mov((C/P)*100,21,E)
- Plot this
formula on top of the composite plot in the
Advancing Issues chart. (The composite's plot
will turn a purplish color when the formula is
going to be plotted on it)
- You can then
drag that new plot to a separate inner window
if you prefer.
For interpretation
refer to The Polymetric Report. |
