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Number of New Highs and number of New Lows Rate this Topic:
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usinge
Posted : Saturday, November 10, 2012 5:59:41 AM
Registered User
Joined: 10/6/2007
Posts: 12

Hello,

I have 2 questions regarding the NHNL with regards to TC2000:

Q1: TC2000 has several market indicators for the NHNL ratio (e.g. T2122). It would be very useful to be able to see the number of the New Highs and (separately) the New Lows. Is there any way to get them?

Q2: is indicator also visibleduring the actual day or is it only visible for the previous day?

Thanks for a response in advance,

Uli

Bruce_L
Posted : Monday, November 12, 2012 10:24:10 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

StockFinder has a Custom Market Indicator feature which could be used to create indicators of this sort for arbitrary periods, Time Frames and WatchLists, but neither version of TC2000 has this feature.

TC2000 only has built in Market Indicators which are already created and available is symbols.

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

If it is not possible to make your own custom market indicators if they are not on the list.

About the closest thing you could do is create a Condition for New Highs or a Conditions for New Lows to use as an EasyScan Condition. The number of symbols in the resulting EasyScan would be the number of symbols currently meeting the requirements of the EasyScan in the List to Scan for that EasyScan.

EasyScan Basics
EasyScan Expanded

This would only get you the current count. You could not use this tecnique to plot the number of New Highs or New Lows over time.



-Bruce
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usinge
Posted : Monday, November 12, 2012 2:40:23 PM
Registered User
Joined: 10/6/2007
Posts: 12

Thank you very much Bruce for the reply!

Bruce_L
Posted : Monday, November 12, 2012 2:43:47 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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