Everybody is using SCO for nifty and other stocks as if it is some magic formula.
SCO is the name given by a trader called as Sammer and so SCO stands for SAMEER COMPOSITE OSCILLATOR
Now how it is calculated?
Everybody is following an oscillator without knowing what it is and how it is calculated and what does this oscillator reveals to us or signals to us
This is dangerous My main purpose to write this is to make the user know what they are using how it is calculated and what does it signals or conveys to us Never ever blindly use any indicator or oscillator just because everybody is using
Now Let me tell you that this is a new name given to RSi of 2 days/2 bars
nothing more nothing less
So those using metastock or amibroker can try out the values will tally with the published sco values on the net .
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