Articles

Projection Oscillator

Posted By: TradersLog

Derived from Projection Bands, the Projection Oscillator reflects the relationship of the current price to its minimum and maximum prices over time. In contrast to the Stochastic Oscillator, the minimum and maximum prices are adjusted up or down by the slope of the price’s regression line, making it more sensitive to short term price action.

Projection Oscillator

Chart courtesy of Prophet Financial Systems (www.prophet.net)

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