Disparity Index MT4 Indicator
Posted on October 14th, 2009
Steve Nison refers to his Disparity Index
as “a percentage display of the latest close to a chosen moving average.” This can be defined mathematically using the formula:
[ C - Mov(C,X,MA ) ]
[Mov(C,X,MA) ] * 100
Where X is the number of time periods and MA is the calculation type of the moving average. For more in depth interpretation of the Disparity Index refer to Steve Nison’s book “Beyond Candlesticks”, Chapter 5
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