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Number of Stocks Making a new 52-Week High - Market Indicator

by Brian Brown, 4770 days ago
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This item creates a 52-week high symbol from all stocks available in your database. The market indicator is created using the composite plug-in and it can be applied to any stock market. It uses the "hhv" (highest value over a period) indicator to count the number of stocks that are making a new 52-week high each day. The newly created symbol name is "_52Week_High".

A stock is making a new 52-week high if its close price is equal to its highest close price over the last 250 trading days.

It is possible to update this 52-week high market indicator to include specific stocks. For example, stocks that are listed on a specific market or stocks belonging to a specific industry or sector or stocks whose price is above a certain threshold.
In order to do this, you should update the composite and set a value to the "filter" variable.

For example, to ignore stocks whose average volume for the year is lower than 1000 shares, you can type:
filter = sma(volume, 50) >= 1000;

You can get ready-to-use 52-week high and 52-week low data for the main U.S. exchanges (NYSE, NASDAQ and AMEX) by using the following downloader: NYSE, AMEX and NASDAQ 52-week high and low data.


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Type: Composite Index

Object ID: 939


Country:
All

Market: Stock Market

Style:
Technical Analysis

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