ClearPath Trader

New High New Low Index

Breadth of stocks making new highs versus new lows. Expands in healthy trends; divergences can flag internal weakness.

Category: Breadth · Complexity: ★★☆☆☆ (2/5)

Tags: breadth, study-card, price

Study card — educational illustration only (no live overlay in Charts).

New High New Low Index chart illustration

Formula

New High New Low Index is computed from price, volume, breadth, or macro prints depending on class (Breadth). See the description for the defining inputs.

How to read

Read New High New Low Index as a labeling tool: it describes a condition (trend, stretch, participation, or macro). Confirm with price structure, not the indicator alone. This entry is a study card — not every encyclopedia model has a live chart overlay.

Limitations

New High New Low Index can lag, repaint (some drawings), or stay extreme in trends. It is not financial advice and not a broker signal.

Typical settings

Use the author's original defaults first; change one parameter at a time.

New High New Low Index is part of the ClearPath Encyclopedia of Indicators — 190 models explained with standard SVG illustrations, so you can study an indicator before you put it on a live chart.

Browse the full indicator directory →