52 Week New High-New Low Index Amibroker Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

Description: Calculates new 52 week High's vs new 52 week lows. Input a Date 5 years back to the current Date in the Range section of the Analysis Window AND click the From button. In the Apply To section, click the Use Filter button AND click the Define - Include - Group - Stock to scan stocks ONLY. Right click on chart window, then - Parameters Show MiddlLe Lines - NO - Levels - +-100. Compare against the SP-500, look for convergences, divergences. Read Elder's book "Trading For A Living" pp.194-200. The new symbol "~NewHiNewLoIndex" will be found in the Workspace-Symbol - All - at the end.

// Calculates new 52 week High's vs new 52 week lows.
// The new symbol "~NewHiNewLoIndex" will be found in the Workspace > Symbol >
All > at the end.
// Input a Date 5 years back to the current Date in the Range section of the
Analysis Window AND click the From button.
// In the Apply To section, click the Use Filter button AND click the Define >
Include > Group > Stock 
// to scan stocks ONLY. Right click on chart window, then > Parameters > Show
MiddlLe Lines - NO > Levels > +-100.
// Compare against the SP-500, look for convergences, divergences. Read Elder's
book "Trading For A Living" pp.194-200.

H1 = High > Ref(HHV(High,260),-1);
L1 = Low < Ref(LLV(Low,260),-1);
HiLoDifference = H1 - L1;

Buy = 0; 
Filter = 0;

AddToComposite( HiLoDifference , "~NewHiNewLoIndex", "X", atcFlagDefaults =
7);

GraphXSpace = 10;
Plot(Foreign("~NewHiNewLoIndex","C",1),"52 Week New High - New Low
Index",colorYellow,styleHistogram);

Author/Source: Dennis Skoblar - DennisAndLisa@sbcglobal.net

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