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Rank: Advanced Member
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WT,
New high? New low? Can you please provide more information on what you are looking for?
Do you mean?
Mov(H,10,S);
Mov(L,10,S);
which is information easily found in the MS Users Manual and the Equis Formula Primer!
wabbit [:D]
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Rank: Member
Groups: Registered, Registered Users
Joined: 10/12/2006(UTC)
Posts: 19
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Hi Wabbit,
Thanks for assistance.
I am reading a book by Gerald Appel called "Technical Analysis Power Tools for active investors".
I want to create new high/new low indicator.
Gerald says in his book:
Buy signals can be said to take place when the 10 day moving average of NH/(NH+NL) ratio falls to below 25% (very oversold) and then rises by approximately 10 units say from 13% to 23% indicating that downside breadth momentum has begun to reverse.
You understand what I require, I require formula to make new high and new low indicator on 10 dma.
I will be making 10 dma but I have to apply it on NH and NL.
Regards
WT
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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This is a problem you will have to discuss with your data provider.
You need to be collecting data for the number of stocks making new 52week highs, and the number of stocks making 52week lows for each of the exchanges you are watching (some data providers might even break this down into sectors for you too?)
If you are collecting this data, then you need to use the Security() function to get the data from the data files to compute the indicator and then finally make the moving average to smooth the data. If you aren't getting the 52week high/low data from your data provider, the process to generate the required information yourself is long, but ultimately achievable.
The simple solution is to talk with a reputable data provider and get the information you need.
wabbit [:D]
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