developed by George C. Lane in the 1950's. The can
be interpreted in the same manner as other Oscillators. Like the original
Oscillators, it is a designed to show the relation of
the current close price relative to the high/low range over a given number of periods
using a scale of 0-100. It is based on the assumption that in a rising market the price(s)
will close near the high of the range and in a declining market the price(s) will close
near the low of the range.