Fosback 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.

Syntax:

Public Function FosbackUnchangedIssues(ByVal HLOCV()() As Double) As Double

Parameters:

  • ByVal HLOCV()() As Double

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Example:

 

    Dim TA4Net As New TA4Net.CTAFunctions("YOUR-REGISTRATION-CODE")

    Dim Result() As Double

    Dim HLOCV(,) As Double

 

    ' loading values to array

    HLOCV = GetHLOCVValues()

    ' calculating Technical Analysis function

    Result = TA4Net.FosbackUnchangedIssues(HLOCV)

 

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