Support Board
Date/Time: Wed, 27 Nov 2024 18:51:30 +0000
Post From: Market Internal: Stocks making new highs for day vs stocks making new lows for day
| [2023-07-18 15:09:43] |
| User198125 - Posts: 38 |
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You are correct in that on the opening price, the data will be meaningless. This market internal would be similar to the TICK except that it also checks against the Daily High/Low of the stock which you already have available for each instrument. So as an example: APPL Current price = 100 High for day (Hod) = 101 Low for day (Lod) = 99 If next price = 101, then TICK = +1 If price > Hod, then 'Do not include if equal to high Stocks making new high = +1 else 0 end if If price < Lod, then 'Do not include if equal to low Stocks making new low = +1 else 0 end if End if The logic of this is that in a rising market, stocks should be making higher daily highs. In a falling market, stocks should me making lower daily lows. If stocks not making new daily highs/lows, the lines could be zero. The internal would be available for the exchanges and indexes you mention on your Market Statistics page. Thank you. |