PROTECTED SOURCE SCRIPT
Updated Net New Highs Crossover
A lot of traders have a hard time to get in and out of the market at the right time.
Net New Highs of stocks can guide you to increase or decrease your exposure based on the current market health.
They are calculated by subtracting the new highs of the new lows, based on all stocks of the NYSE, NASDAQ and AMEX.
+ A positive value shows that the market is doing good, since more stocks are making new highs compared to new lows.
- A negative value shows that the market is doing bad, since more stocks are making new lows compared to new highs.
Combined with a moving average you can see crossovers that can warn you early when there is a change in the current market health.
Features
■ You can select different Net New High indices or combine them (NYSE, NASDAQ and AMEX)
■ You can specify a moving average line ( SMA / EMA and length)
■ Use single color or two colors for the moving average line to better spot the crossovers
Hints
*New highs and new lows index values currently only get updated at the end of the day
*Only works on daily timeframe
Net New Highs of stocks can guide you to increase or decrease your exposure based on the current market health.
They are calculated by subtracting the new highs of the new lows, based on all stocks of the NYSE, NASDAQ and AMEX.
+ A positive value shows that the market is doing good, since more stocks are making new highs compared to new lows.
- A negative value shows that the market is doing bad, since more stocks are making new lows compared to new highs.
Combined with a moving average you can see crossovers that can warn you early when there is a change in the current market health.
Features
■ You can select different Net New High indices or combine them (NYSE, NASDAQ and AMEX)
■ You can specify a moving average line ( SMA / EMA and length)
■ Use single color or two colors for the moving average line to better spot the crossovers
Hints
*New highs and new lows index values currently only get updated at the end of the day
*Only works on daily timeframe
Release Notes
Add support for weekly and monthly timeframesRelease Notes
Added more options to customize the stylingProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.