English: This indicator shows the NASDAQ's new highs (green) and new lows (red). Extreme trading days with more than 99 % new highs relative to new lows vice versa are marked via lines (theoretically values) and triangles (breaches).
Deutsch: Dieser Indikator zeigt die neuen Hochs (grün) und neuen Tiefs (rot) der NASDAQ. Extreme Handelstage mit mehr als 99 % neuen Hochs relativ zu den neuen Tiefs und andersherum sind gekennzeichnet über Linien (theoretische Werte) und Dreiecke (Überschreitungen).
Hi Could you please also create one indicator to show the net high/low. (Meaning lets say New high is 100 and new low is 60 then net is 40 in green. and new 60 and and new low is 100 then net is 40 in red.) Thanks
good indicator, however, can you please further explain what does the line mean?
iMiPi
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You do not calculate "99% of new highs relative to new lows" at any part of your script. What you do is, first you calculate "99% of (new highs + new lows)" - that's the TOTAL of both and 99% of that total, and then you mark that 99% level with lines (green or red) for each (new highs & lows). Your explanation both EN & DE is completely different from what your code actually does. I do speak both EN & DE, neither is my native language, but I'm 100% certain that you messed up in both.
xyf80
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Best advance indicator thanks MagicEins!
mtungwat8
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👍
deshmukhag
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Nice code, could you pl. help me with another piece of similar code to mark Highest and Lowest of the day since day open?
rupesh007
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Good One....Thanks....How can it be altered for different exchange??
MagicEins
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@rupesh007, thank you!
The data comes directly from TradingView (HIGQ, LOWQ), so there are limits which exchanges are supported. I already made similar indicators for the NYSE and AMEX.