Monday, December 11, 2006

 
Technical Indicators

Projection Oscillator

The Projection Oscillator is a by-product of Dr. Mel Widner's Projection Bands. In essense a slope-adjusted Stochastic, the Projection Oscillator shows the relationship of the current price to its minimum and maximum prices over time. Unlike the Stochastic Oscillator, here the minimum and maximum prices are adjusted up or down by the slope of the price's regression line. It is this adjustment that makes the Projection Oscillator so responsive to short-term price moves.

Three common ways to interpret the Projection Oscillator:

· Overbought/oversold
· Crossovers
· Divergences

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