New Highs-New Lows Index – indicator MetaTrader 5

Fig.1 The NH_NL Indicator
Real Author: LenIFCHIK The New Highs-New Lows Index was very well described by A. Edler in his book “Trading for a Living: Psychology, Trading Tactics, Money Management ” in the chapter dealing with Stock Market Indicators. In our case, the indicator has been adapted to the foreign exchange market and is calculated as the difference … Read more