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In a message dated 98-05-22 07:21:04 EDT, HBernst963@xxxxxxx writes:
<<
Could you tell me how the NHNL indicator that you have posted below the S&P
price is calculated? I may have missed that from an earlier post. Thanks.
>>
ANS:
Ben suggests this equation to compensate for the increase in total issues over
the year. This is what is referred to as normalizing.
((New Highs - New Lows)/Total Issues) X 100 = %NHNL
Total issues are about 3500 or you can use Up issues + Dwn issues + Unchanged
BobR
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