Fosback’s Unchanged Issues
The Fosback's Unchanged Issues index is a measure of the unchanged issues traded for a day divided by the sum of the total issues traded. This index is based on the premise that average security prices fall faster than they rise over time. Measures below 0.18 can indicate a bearish market 6 to 12 months after this level and a bullish market measures vary from greater than 0.22 to 0.25.
Fosback’s Unchanged Issues(Parameters)
- Open. The cell reference for the range of Open prices.
- High. The cell reference for the range of High prices.
- Low. The cell reference for the range of Low prices.
- Output range. The cell reference for the range of output data.
Fosback’s Unchanged Issues(Syntax)
FosbackUnchangedIssues(OPEN;HIGH;LOW;VALUE;DIRECTION)
Example
=FosbackUnchangedIssues(A10:A10;B10:B10;C10:C10;8;0)
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