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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