Developed by Gerald Appel, it attempts to remove the long term price trends by using a shifted moving average so it does not react to the most recent price action. This allows the indicator to show low lag overbought and oversold levels.
Developed by Gerald Appel, it attempts to remove the long term price trends by using a shifted moving average so it does not react to the most recent price action. This allows the indicator to show low lag overbought and oversold levels.