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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Number of new highs and new lows per Dr. Wish

Number of new highs and new lows per Dr. Wish Rate this Topic:
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jimnewman
Posted : Thursday, August 26, 2010 2:32:34 PM
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Joined: 2/3/2005
Posts: 12
 I was on the webinar Tuesday night with Dr. Wish.  He said part of his methodology used the number of new highs and I believe he said he got this from Telechart.  I see market indicators like "new high / new low ratio" (T2117) but don't see a way to get the raw number.  How did he do that?  TIA.
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Bruce_L
Posted : Thursday, August 26, 2010 2:53:17 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 If you create a Personal Criteria Formula for a New High:

How to create a Personal Criteria Forumula (PCF)

New 252-Day High:

H > MAXH251.1

New 52-Week High (Rolling 5-Trading Day Weeks):

MAXH5 > MAXH255.5

Then you could use it as an EasyScan Condition. The number of items in the EasyScan would be the number of symbols with a New High.

Using EasyScan to find stocks that meet your own criteria
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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gllawson
Posted : Monday, September 6, 2010 6:33:13 PM
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Joined: 3/18/2010
Posts: 35
 Another thing he looks at is how many stocks are higher today than the new high list 10 days ago; > 100 is bullish.
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gllawson
Posted : Monday, September 6, 2010 6:34:21 PM
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Joined: 3/18/2010
Posts: 35
QUOTE (gllawson)
Another thing he looks at is how many stocks are higher today than the new high list 10 days ago; > 100 is bullish.
What would the pcf be?
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Bruce_L
Posted : Tuesday, September 7, 2010 9:49:34 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 You would again create a Personal Criteria Formula:

H > H10 AND H10 > MAXH251.11

And use it as an EasyScan Condition. The number of items in the EasyScan is the number symbols making a New 252-Bar High 10-Bars Ago with a Higher High for the current Bar than when it made the New High 10-Bars Ago.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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