52 week New High / New Low Indicator

do we have it?

as a Ratio,

as a moving average ?

thanks…

I don’t think it exists in P123 canned functionality. However, I believe this would be possible to build with a custom series, or perhaps two custom series. As I don’t think custom series can be embedded in other custom series, you might have construct the ratio on the fly in your portfolio or screener. As for the moving average, I’m thinking that would be a tricky one with the tools at our disposal - but I may be incorrect on that.

I’m a big fan of CNN’s Fear and Greed Index and have often wondered what such a tool could do for our pursuits here. However, it’s an indicator built from several other indicators - some of which use data that we don’t have, such as the junk bond yield spread and the 5-day put/call ratio.

Perhaps something like this?

https://www.portfolio123.com/app/series/summary/2536?st=3&mt=8

You can then use EMA crossovers to create buy or sell signals based on a custom series.


I Like It…

the question remains…

is it meaningful ?

thanks for your help !

Nbrick

((NYSE stocks making a new 52wk high) divided by (NYSE stocks making a new 52wk low))

In custom series: select “NY Stock Exchange”
Rule: (UnivCnt(“Hi(0)=Highest(#High,252,0)”) / UnivCnt(“Low(0)=Lowest(#low,252,0)”))

which evaluates to 1.29 for 7/30/2015.