This indicator is calculated as follows: new highs for the last 52 weeks divided by new highs + new lows. Another indicator which moves between 0 and 100, this one gets closer to 0 and 100 than some of the others. It’s a good overbought/oversold indicator as well as a good confirmation/non-confirmation indicator when you plot a moving average of it.

T2120 26-week New High/New Low Ratio--New highs for the last 26 weeks divided by new highs + new lows. Research results have revealed a bullish tendency at extreme high readings and a slightly bearish tendency at extreme low readings.

T2121 13-week New High/New Low Ratio--New highs for the last 13 weeks divided by new highs + new lows. Research results have revealed a bullish tendency at extreme high readings and a slightly bearish tendency at extreme low readings.

T2122 4-week New High/New Low Ratio--New highs for the last 4 weeks divided by new highs + new lows. Research results have revealed a bullish tendency at extreme high readings and a slightly bearish tendency at extreme low readings.