Indicators: New Highs-New Lows Index

 

New Highs-New Lows Index:

The New Highs-New Lows index is calculated as the difference between the number of currency pairs that reached new highs over a given period and the number of currency pairs that reached new lows over a given period.

Fig.1 The NH_NL Indicator

Author: Nikolay Kositsin

Reason: