DALE    A  ! THE JK HILO INDEX
! Author: Jay Kaeppel, TASC October 2011
! Coded by: Richard Denning 8/12/2011
! www.TradersEdgeSystems.com

! HIGH-LOW INDICATORS:
! JKlogic:
NewH 	is TickerUDF("OCEXCH",[New Highs]).
NewL 	is TickerUDF("OCEXCH",[New Lows]).
Adv 	is TickerUDF("OCEXCH",[Adv Issues]).
Dec 	is TickerUDF("OCEXCH",[Dec Issues]).
Unch 	is TickerUDF("OCEXCH",[Unch Issues]).
Tot 	is Adv + Dec + Unch.
PctNH	is (NewH / Tot) * 100.
PctNL	is (NewL / Tot) * 100.
HLidx	is min(PctNH,PctNL).
avgHLidx is simpleavg(HLidx,10).

! JK VERSION OF HIGH LOW LOGIC INDICATOR:
JKlogic is iff(avgHLidx > 2.15 or avgHLidx < 0.40,avgHLidx,1).

! JK NEW HIGH PERCENT:
JKnH	is simpleavg(NewH / (NewH + NewL),10).

! COMBINED TWO JK INDICATORS:
!Plot as single line with upper 90 lower 20 support
JKHL 	is JKlogic * JKnH * 100.     Rule Libraryےے  	 CCodeView9     ےےےے            00:00