High-Low Index [LazyBear]

S&P 500SP

설명

⋅ 2015년 5월 8일 오후 10시 45분

-- Fixed ---
Source: pastebin.com/Z0uS17zD

Fixes an issue with "Combined" mode, using wrong symbols.

--- Original ---
The High-Low Index is a breadth indicator based on Record High Percent, which is based on new 52-week highs and new 52-week lows.

Readings below 50 indicate that there were more new lows than new highs. Readings above 50 indicate that there were more new highs than new lows. 0 indicates there were zero new highs (0% new highs). 100 indicates there was at least 1 new high and no new lows (100% new highs). 50 indicates that new highs and new lows were equal (50% new highs).

Readings consistently above 70 usually coincide with a strong uptrend. Readings consistently below 30 usually coincide with a strong downtrend.

More info:
stockcharts.com/school/doku.php?id=chart_school:technical_indicators:high-low_index

List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970

Just noticed @Greeny has already published this -> tradingview.com/v/Byka5S5F/. Linking it here.

코멘트

tanmoygsh

⋅ 2020년 7월 7일 오후 8시 48분

How do I get NIFTY New high New low symbol? Could you please help me!

akashgarhwal

⋅ 2023년 12월 2일 오전 4시 40분

@tanmoygsh, there are no sources for nifty breadth in trading view try stockschart instead but cant code only use avalailble ones

LazyBear

⋅ 2015년 5월 8일 오후 11시 3분

Line #19 needs fixing. I updated and linked the new source above. This is needed only if you use "Combined" mode, else v1.0 (source shown above) is good enough.

andara11

⋅ 2021년 10월 2일 오전 8시 51분

@LazyBear, HLIDX invalid
this HLIDX does't exist , please pick another one .
???

AnasJamal

⋅ 2016년 10월 19일 오후 2시 58분

Hey is there any way that I can use this script for a different market say Nifty and Sensex in India. If so then could help in making the modifications to the script if possible?

colicoid

⋅ 2018년 10월 27일 오후 12시 9분

@AnasJamal, I too would like this. I want the 52 week high/low index for the Swedish stock market (OMXSTO). If I understand the script correctly it uses a symbol (data feed) that contains the number of 52 week highs for a particular day. If such a symbol/index is not available for your market this script can't help you. We must first create data sets with "number of 52 week highs" and "number of 52 week lows". Then we could point this script to such symbols and it can calulate the percentage. @LazyBear Do I understand this correctly?

akashgarhwal

⋅ 2023년 12월 2일 오전 4시 41분

@colicoid, get an source for market breadth then make one in python

Francis889

⋅ 2022년 12월 28일 오전 10시 19분

Hi, thanks for the indicator. To clarify, is the calculation: New highs/(new highs + new lows)?

andara11

⋅ 2021년 10월 2일 오전 6시 33분

hi sir

symbol HLIDX invalid symbol
this symbol does't exist , please pick another one .
???