Post #1258 by mechinv on the US Policy board

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[stockcharts] would seem to indicate that NH/NL is still bullish?

The NH-NL indicator reported here by lohill uses the value calculated by gtr1 for the BCCs (Bear Catchers), not the EMA(9).

Stockcharts.com shows the 9-day exponential moving average [EMA(9)] of Nasdaq New Highs minus New Lows to be positive, but the 10-day Simple Moving Average [SMA(10)] has turned negative. I don't know exactly how Robbie calculates his NH-NL value, but I suspect it's closer to using SMA(10) than EMA(9).

To see a chart that shows NH-NL using SMA(10), see https://www.marketinout.com/chart/market.php?bread...

To see the NH-NL value as calculated by gtr1, click the Run Screener button at https://gtr1.net/2013/?!!QlpoMTFBWSZTWdclYMMAAnFfg...

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