Elder's NH-NL Indicator

Sam Macy · 2016-08-05T07:45:47+00:00

Love the input and help available on this forum. I’ve been reading about Alexander Elder’s NH-NL Index. Does anyone using ProRealTime know how to implement it? As far as I can see it’d be a great addition to a strategy and something I’d like to try out. If you’re not aware of it, the formula is simple: Daily: new highs – new lows. Weekly: sum of previous 5 daily scores.

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08/05/2016 at 8:45 AM #11223 quote

Sam Macy
Participant

Junior

Love the input and help available on this forum.

I’ve been reading about Alexander Elder’s NH-NL Index. Does anyone using ProRealTime know how to implement it? As far as I can see it’d be a great addition to a strategy and something I’d like to try out.

If you’re not aware of it, the formula is simple:

Daily: new highs – new lows.

Weekly: sum of previous 5 daily scores.

08/05/2016 at 1:23 PM #11232 quote

Nicolas
Keymaster

Legend

The Elder’s NH-NL index deals with a universe of many stocks to be calculated and to be accurate. By calculating this index you can have a better view of what is actually the market behaviour of the whole stocks you include in this index.

PRT don’t support multi symbol, but it will be soon available for ProOrder.

01/02/2019 at 5:46 PM #87913 quote

Henchey
Participant

Junior

Hi Nicolas, I was wondering if this is now possible, and if so how can it be accessed?

Many thanks

Pete

01/03/2019 at 3:14 PM #87953 quote

Nicolas
Keymaster

Legend

Sorry Pete, but this is still not possible .. and I don’t know when it will be.
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