New High New Low Breadth Module

Optuma Forums Optuma Scripting New High New Low Breadth Module

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  • #61673
    Avatardeepak
    • Topics: 35
    • Replies: 20
    • Posts: 55

    Am i doing correct in calculating new high new low in breadth module as following.

    Regards,
    Deepak

    #61737
    Avatardeepak
    • Topics: 35
    • Replies: 20
    • Posts: 55

    Sorry its for stocks hitiing 52 week highs. Is it correct. For new High shall i use all time high option.

    #61741
    DarrenDarren
    • Topics: 62
    • Replies: 521
    • Posts: 583

    Hi Deepak,

    Those are correct to calculate two separate breadth measures, one calculating new highs and the other new lows. For all-time highs you need to change it to >= (or <=) as it can’t be greater/less than all bars – including the latest so there would be no true results.

    1 user thanked author for this post.
    #61761
    Avatardeepak
    • Topics: 35
    • Replies: 20
    • Posts: 55

    Thanks sir.

    Whats the difference in new high andnew lows vs 52 week high 52 week lows.

    Regards,
    Deepak

    #61767
    DarrenDarren
    • Topics: 62
    • Replies: 521
    • Posts: 583

    Not exactly sure what you mean, but for the difference between All Time Highs and 52 week highs would be the following in one breadth measure, set to Cumulative Breadth Action:

    Do the same for the lows and you can subtract one from the other.

    1 user thanked author for this post.
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