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NH-NL Indicator

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  • NH-NL Indicator

    New high - new low indicator for S&P 500

    Does anyone know how I can get the NH-NL onto eSignal?

    It is a very easy indicator to calculate, however I can't seem to get it on eSignal.

    Plot a 250day (52week) new high- new low indicator for the S&P 500

    Basically, take all the stocks in the S&P500 making new 52 week highs subtract all the stocks making new 52 week lows and plot the difference as a daily indicator. Ideally then divide this number by 500 and plot the indicator as a percentage.
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