POGO: A Moving Average of Open-to-Close Bar Values

Summary

POGO is described as an oscillator intended to display the mean bar size over a selected period. Its calculation begins with the difference between each bar’s open and close, then applies a moving average to those values. The user can adjust the calculation period and choose the moving-average method.

The description supplies the indicator’s basic formula and adjustable inputs, but it does not explain how to interpret positive or negative readings, define trading signals, or combine POGO with other analysis. Because the raw value is open minus close, it represents a signed body measure rather than the full high-to-low range often meant by bar size. No market, sample, backtest, or results are provided, so the text supports understanding the construction but not conclusions about trading effectiveness.

Key ideas

• POGO applies a moving average to the difference between each bar’s open and close.
• The calculation period and moving-average method are adjustable.
• The stated input measures signed candle bodies rather than the full high-to-low range.
• The description gives no signal rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.