Subject: An attempt at BCC Signals
Since zee (in a huff - post 5326) seems to have decided not to share BCC signals with us any longer, I have decided to post what I have been doing to get those signals. Since February of this year I have been collecting the number of new 52 week highs and the number of new 52 week lows as well as NASDAQ closing prices as given daily on BarChart. I supplemented that collection with 200+ NASDAQ closing prices prior to my first NHNL entry from FRED in order to be able to calculate the 200 day SMA. I now have enough information to be able to calculate a very limited set of BCC signals.
There are three parts to the BCC signal. The SMA part is calculated by comparing today's closing price with the simple moving average of the the prior 200 days of closing prices. If the difference is positive set the SMA signal to 1 else set it to a zero.
The NHNL part of the signal is calculated by finding the difference between the number of new highs and the number of new lows each day and smoothing that value with the weighted moving average of the previous 9 days. If that WMA9 is positive assign a NHNL number of 1 else set it to zero.
The DBE part of the signal is either a 1 or zero. Once it is set to a particular value, it only gets to change when that day's NHNL value and the 99 preceding NHNL values are all different from the existing DBE value. The three separate signals (0s and 1s) are combined to a single decimal value ranging from 0 to 7.
Here are the signals I have been able to collect so far:
Date Signal SMA NHNL DBE
20260609 5 Bull Bear Bull
20260527 7 Bull Bull Bull
20260514 5 Bull Bear Bull
20260415 7 Bull Bull Bull
20260302 5 Bull Bear Bull
20260226 7 Bull Bull Bull
These are all I have so far but I'll keep adding as the days go on. They may not be as perfect as zee's but they give some guidance.
Larry