OPEN-SOURCE SCRIPT
Gerald Appel's Percentage of New Highs
This is the original Gerald Appel's Percentage of new High Indicator.
10 day moving avg. of new highs divided by the total of highs plus lows. This ratio gives a good job at identifying both when a rally is weakening (when indicator breaks below from above 70%) as well as good spots to identifying spots to buy bottoms. (When Indicator moves back up through 30% from below)
10 day moving avg. of new highs divided by the total of highs plus lows. This ratio gives a good job at identifying both when a rally is weakening (when indicator breaks below from above 70%) as well as good spots to identifying spots to buy bottoms. (When Indicator moves back up through 30% from below)
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Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.