Abbreviation: New Highs-New Lows Spread: Avg
Category: Market New Highs / New Lows
Input Parameters:
| Name | Range | Default |
| New Highs | ||
| New Lows | ||
| Avg Periods | Int >= 1 | 5 |
Calculation:
Avg(X, Avg Periods)
where
X = New Highs-New Lows Spread(New Highs, New Lows)
New Highs-New Lows Spread represents New Highs-New Lows Spread
Avg represents Simple Moving Average
Discussion:
This indicator attempts to smooth the New Highs-New Lows Spread indicator by calculating its moving average. Since it uses a simple moving average (which gives equal importance to all the periods within the moving average’s time frame), this method of smoothing may cause more of a lag time than the exponential variant.