Registered User
Joined: 8/8/2007
Posts: 42
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I would like some help setting up an indicator that will give me the numbers of new highs versus new lows in the market. I've seen this referred to as the NH-NL Index in a newsletter, but I didn't see this in any of the Worden Indicators.
Can you help?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The NH-NL S&P 500 Indicator topic explores one way to make such an Indicator and the New Highs Minus New Lows for the Day on Optionable Items gives another method.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 8/8/2007
Posts: 42
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I'm a little lost. The instructions were written for Stockfinder 4.0. I don't see a "Create Custom Index" option. I'm also not looking to plot this as an indicator for use with a stock. I want it to be a stand-alone indicator like T2107 and others.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Well I don't know of a way to make a "fake symbol" in StockFinder. The only way I know of to do it is to create an Indicator.
The Custom Indexes from StockFinder 4 are called Market Indicators in StockFinder 5 (in the same sort of way that Rules got renamed to Conditions).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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