At this moment, I'm using Stockfinder and wonder whether to switch to TC2000.

In Stockfinder, there's the possibility to create custom watchlists and to define the NHNL based on custom periods (e.g. 21 days, 65 days) and to count the number of NHNL within the custom watchlist.

Is there a way to count the NHNL of a watchlist in TC2000?

Thanks in advance,

Uli

Neither version of TC2000 has the Custom Market Indicator feature which is available in StockFinder, so you cannot create custom indicators which would count or compare the number of new high and new lows in an arbitrary WatchList.

TC2000 does have built in Market Indicators which are available is symbols.

Worden’s Market Indicators (T2s)
Market Stats, TICK and TRIN

Thanks Bruce for the response in real-time!

One more question: does the indicator T2123 "Cumulative 4week New High/New Low" refer to the NHNl during the last 20 days based on a 20 days period or does it refers to the NHNl during the last 20 days based on a 250 days period .

Thanks in advance,

Uli 

It is based on the number of 4-Week Highs and Lows during the most recent period.

It is not based on the number of 52-Week Highs and Lows during the most recent 4-Weeks.

Thank you for the clarification.

Would the indicator 2123 count the occurence of NHNL in relationship to the selected watchlist or is it based on a fixed watchlist?

All of the T2s are pre-calculated on our servers and calculated for a fixed WatchList. You view the "indicator" by setting the Active Symbol and viewing the "prices" on your chart. The WatchList used for most T2s is based the NYSE stocks which we both carry and for which we have at least one year of data. There is no way to change the WatchList.

Thank you very much Bruce!

You're welcome.