Webby % Off 52 Week

This indicator measures a stocks distance from its 52 week high. The concept is based on what Mike Webster shared on his appearance on IBD Live, allowing users to see if a current pullback from the highs is normal compared to historical pullbacks or if more attention is warranted.

It is also important to pay attention to a stocks 52 week high in relation to it's current price to confirm trend, spot potential breakout levels or see if the high acts as an area of resistance.

The indicator has 3 different zones with shaded backgrounds to easily spot the distance off of the high.

Zones

• Green Zone - 0 to 8% off highs
  
• Yellow Zone - 8 to 15% off highs
  
• Red Zone - 15 to 25% off highs
  

Similar Healthy Pullbacks

Possible concern as pullback undercuts previous pullback level

เอกสารเผยแพร่:

Update now includes option to see ATRs off the high.

เอกสารเผยแพร่:

Update includes the % or ATR off of two additional highs.

• 50 day high
  
• 18 month high
  

เอกสารเผยแพร่:

Option to change the ATR length