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:

FosbackUnchangedIssues
FosbackUnchangedIssues()
FosbackUnchangedIssues(“OutPutStartCell”)

Inputs:

'Open', 'High', and 'Low' columns values

Parameters:

• OutPutStartCell (default=the next blank column in the worksheet)

Examples:

FosbackUnchangedIssues
FosbackUnchangedIssues()
FosbackUnchangedIssues(“G2”)
FosbackUnchangedIssues(G2)