Click here to Login

Trading Software Trading objects Features How-to Blog Search



Haurlan Index

by bug man, 698 days ago
Share |

Developed by P.N. Haurlan, the Haurlan Index is a market breadth indicator with three components. The first one, the short-term component, calculates the 3-bar exponential moving average of the number of advancing stocks on the New York Stock Exchange minus the number of declining stocks on the same exchange.
The intermediate term component is a 20-bar exponential moving average of the difference between the number of advancing stocks (advance issues) and the number of declining stocks (decline issues)
The long-term component is a 200-bar exponential moving average of the difference between the number of advancing issues and the number of declining issues.

The advance/decline data for the NYSE, as well as for the American Stock Exchange and the NASDAQ, can be downloaded by the following item: Advance-Decline-Unchanged issues for NYSE, AMEX and NASDAQ.

The Haurlan Index is interpreted as follows:
The long-term part of the indicator is used to detect the market trend
The intermediate term component role is to confirm support and resistance breaks.
The short-term component generates buy/sell and short/cover signals. It tells us to buy the market when its value becomes higher than 100; and to sell it when this value becomes lower than -150. At this point, the trader should short the market and wait until the indicator reaches 100 to cover its position.

The Haurlan Index function returns the exponential moving average (EMA) of the net advance/decline difference. The parameter, it accepts, defines the lookback period to use for the EMA.

The first component is calculated as follows:
Plot(Haurlan(3),"Short Term Haurlan Index",colorBlack,chartLine,StyleSymbolNone);

The intermediate term component:
Plot(Haurlan(20),"Short Term Haurlan Index",colorBlack,chartLine,StyleSymbolNone);

The long term component:
Plot(Haurlan(200),"Short Term Haurlan Index",colorBlack,chartLine,styleOwnScale|StyleWidth4);


Share This ->
Share |


You have to log in to bookmark this object
What is this?
Additional Information



>>>> More trading objects? click here to search for trading sytems, downloaders, screens, custom drawing tools, indicators... by country, market or style.

>>>> To get this item and hundreds of other items, click here to join and download the Best Trading Software for Free .



No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Write a review no reviews Number of downloads 5 downloads Notes Report an item


Type: Trading Indicator

Object ID: 400


Country:
All

Market: All

Style:
Technical Analysis




Related Trading Objects



Country
Page 1
Trading the Equity Curve
by QuantShare, uploaded several months ago


No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 4 Notes Report an item
Opening Range Breakout Indicator
by QuantShare, uploaded several months ago
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 3 Notes Report an item
Wilder's Smoothing - Moving Average
by QuantShare, uploaded several months ago
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 9 Notes Report an item
Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object









Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects
Show All
Chande's Range Action Verification Index - RAVI (by The trader, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 16 Notes Report an item
Vortex Oscillator (by Brian Brown, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 26 Notes Report an item
Ichimoku Kinko Hyo - Trading Indicator (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 25 Notes Report an item
Mahesh Moving Average (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 65 Notes Report an item
TD Sequential Indicator (by V.M, uploaded one month ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 4 Notes Report an item
Coppock Indicator (by Brian Brown, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 15 Notes Report an item
Percentage of Stocks at 20-Day Highs (by Brian Brown, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 6 Notes Report an item
Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis


Forum Threads



Random Blog Posts

Short Index - Part 2

Short Index - Part 1

Trend Following and Moving Averages

Put-Call Ratio for Individual Stocks

Historical Market Data

What's new in this trading software?

Historical volatility estimators

Short Selling Stocks

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright © 2012 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items