Hey, thanks for the help man.
It's funny, I actually have been using something very similar to this indicator on my stock screener. A part of my screener has this:
set{1yrlow, low 52 week low}
set{1yrhigh, high 52 week high}
set{yeardiff, 1yrhigh - 1yrlow}
set{currdiff, Close - 1yrlow}
set{ratio, currdiff / yeardiff}
set{R, ratio*100}
R < 25
It's to sort out stocks that near the lows for the year, to try and find some that are in "basing" patterns. I didn't know there was an indicator that did (nearly?) the same thing. I think it's the stochastic one that measures from the period low, but that's just the inverse of the %R.
Anyway, I wanted to ask - How do you know that Mikey and his lawyers are the people behind the bid/ask at WDCO and CDEL ? Is it speculation from watching the stock for so long, or are those two ECNs exclusive to insider people ?
"Believe only half of what you see and nothing that you hear."
-- Edgar Allan Poe
