Number of New Daily Highs indicator

Thank you again, Maximo and Robert. I have left the 50 symbols in the index for individual tinkering. They will perhaps need to be changed as time goes by anyway.

I have included a lookback periods option to make it more versatile...and also runs faster on <249 days for testing.

I ran the indicator then grabbed the values “Copy Plot Data”...that’s why I love BC so much, so compatible with Excel...and looked at them in Excel. I examined  the average and the standard deviation of the “count” whenever the new highs were >0, and similarly when the new lows were <0

New highs average >0                       =          3.29

New highs ave+ 1*stdev >0   =          5.75 (quite high)

New highs ave + 2*stdev >0  =          8.21 (very high)

New lows average <0             =          -3.19

New lows ave - 1*stdev >0    =          -7.21 (quite low)

New lows ave - 2*stdev >0    =          -11.22 (very low)

Can someone more skilful than I please put a few more lines of code in so that the line indicator changes colour to dark green whenever it is > 5.75 and red whenever it is <-7.21.

I can already see some divergences, but maybe I’m just seeing things...sizzling hot in Perth today!

Hopefully others will add their two cents worth if they find something useful.

I’m just a novice coder, so as always errors, shortcuts, and neater coding suggestions most welcome.

Thank you for your help.

{Symbols in Index. All from 2013 XJO but were also trading in 2000 ...may need some tinkering but I don't think results will differ widely}

lbk :=input("Lookback Periods",249,5);

s1 := inputsymbol("Symbol #1", "abc");

s2 := inputsymbol("Symbol #2", "aix");

s3 := inputsymbol("Symbol #3", "bhp");

s4 := inputsymbol("Symbol #4", "all");

s5 := inputsymbol("Symbol #5", "alz");

s6 := inputsymbol("Symbol #6", "amc");

s7 := inputsymbol("Symbol #7", "amp");

s8 := inputsymbol("Symbol #8", "anz");

s9 := inputsymbol("Symbol #9", "apa");

s10 := inputsymbol("Symbol #10", "asx");

s11 := inputsymbol("Symbol #11", "ben");

s12 := inputsymbol("Symbol #12", "bld");

s13 := inputsymbol("Symbol #13", "cba");

s14 := inputsymbol("Symbol #14", "ccl");

s15 := inputsymbol("Symbol #15", "coh");

s16 := inputsymbol("Symbol #16", "cpa");

s17 := inputsymbol("Symbol #17", "cpu");

s18 := inputsymbol("Symbol #18", "csl");

s19 := inputsymbol("Symbol #19", "ctx");

s20 := inputsymbol("Symbol #20", "flt");

s21 := inputsymbol("Symbol #21", "gnc");

s22 := inputsymbol("Symbol #22", "gpt");

s23 := inputsymbol("Symbol #23", "hvn");

s24 := inputsymbol("Symbol #24", "ilu");

s25 := inputsymbol("Symbol #25", "lei");

s26 := inputsymbol("Symbol #26", "llc");

s27 := inputsymbol("Symbol #27", "mgr");

s28 := inputsymbol("Symbol #28", "mnd");

s29 := inputsymbol("Symbol #29", "nab");

s30 := inputsymbol("Symbol #30", "ncm");

s31 := inputsymbol("Symbol #31", "org");

s32 := inputsymbol("Symbol #32", "ori");

s33 := inputsymbol("Symbol #33", "osh");

s34 := inputsymbol("Symbol #34", "pna");

s35 := inputsymbol("Symbol #35", "pry");

s36 := inputsymbol("Symbol #36", "qan");

s37 := inputsymbol("Symbol #37", "qbe");

s38 := inputsymbol("Symbol #38", "rhc");

s39 := inputsymbol("Symbol #39", "rio");

s40 := inputsymbol("Symbol #40", "sgp");

s41 := inputsymbol("Symbol #41", "shl");

s42 := inputsymbol("Symbol #42", "sto");

s43 := inputsymbol("Symbol #43", "tah");

s44 := inputsymbol("Symbol #44", "tcl");

s45 := inputsymbol("Symbol #45", "tls");

s46 := inputsymbol("Symbol #46", "tol");

s47 := inputsymbol("Symbol #47", "wbc");

s48 := inputsymbol("Symbol #48", "wes");

s49 := inputsymbol("Symbol #49", "wow");

s50 := inputsymbol("Symbol #50", "wpl");

{New Highs}

p1 := if(s1="",0,loadsymbol(s1,H));

h1 := hist(hhv(p1,lbk),1); u1 := (p1 > h1);

p2 := if(s2="",0,loadsymbol(s2,H));

h2 := hist(hhv(p2,lbk),1); u2 := (p2 > h2);

p3 := if(s3="",0,loadsymbol(s3,H));

h3 := hist(hhv(p3,lbk),1); u3 := (p3 > h3);

p4 := if(s4="",0,loadsymbol(s4,H));

h4 := hist(hhv(p4,lbk),1); u4 := (p4 > h4);

p5 := if(s5="",0,loadsymbol(s5,H));

h5 := hist(hhv(p5,lbk),1); u5 := (p5 > h5);

p6 := if(s6="",0,loadsymbol(s6,H));

h6 := hist(hhv(p6,lbk),1); u6 := (p6 > h6);

p7 := if(s7="",0,loadsymbol(s7,H));

h7 := hist(hhv(p7,lbk),1); u7 := (p7 > h7);

p8 := if(s8="",0,loadsymbol(s8,H));

h8 := hist(hhv(p8,lbk),1); u8 := (p8 > h8);

p9 := if(s9="",0,loadsymbol(s9,H));

h9 := hist(hhv(p9,lbk),1); u9 := (p9 > h9);

p10 := if(s10="",0,loadsymbol(s10,H));

h10 := hist(hhv(p10,lbk),1); u10 := (p10 > h10);

p11 := if(s11="",0,loadsymbol(s11,H));

h11 := hist(hhv(p11,lbk),1); u11 := (p11 > h11);

p12 := if(s12="",0,loadsymbol(s12,H));

h12 := hist(hhv(p12,lbk),1); u12 := (p12 > h12);

p13 := if(s13="",0,loadsymbol(s13,H));

h13 := hist(hhv(p13,lbk),1); u13 := (p13 > h13);

p14 := if(s14="",0,loadsymbol(s14,H));

h14 := hist(hhv(p14,lbk),1); u14 := (p14 > h14);

p15 := if(s15="",0,loadsymbol(s15,H));

h15 := hist(hhv(p15,lbk),1); u15 := (p15 > h15);

p16 := if(s16="",0,loadsymbol(s16,H));

h16 := hist(hhv(p16,lbk),1); u16 := (p16 > h16);

p17 := if(s17="",0,loadsymbol(s17,H));

h17 := hist(hhv(p17,lbk),1); u17 := (p17 > h17);

p18 := if(s18="",0,loadsymbol(s18,H));

h18 := hist(hhv(p18,lbk),1); u18 := (p18 > h18);

p19 := if(s19="",0,loadsymbol(s19,H));

h19 := hist(hhv(p19,lbk),1); u19 := (p19 > h19);

p20 := if(s20="",0,loadsymbol(s20,H));

h20 := hist(hhv(p20,lbk),1); u20 := (p20 > h20);

p21 := if(s21="",0,loadsymbol(s21,H));

h21 := hist(hhv(p21,lbk),1); u21 := (p21 > h21);

p22 := if(s22="",0,loadsymbol(s22,H));

h22 := hist(hhv(p22,lbk),1); u22 := (p22 > h22);

p23 := if(s23="",0,loadsymbol(s23,H));

h23 := hist(hhv(p23,lbk),1); u23 := (p23 > h23);

p24 := if(s24="",0,loadsymbol(s24,H));

h24 := hist(hhv(p24,lbk),1); u24 := (p24 > h24);

p25 := if(s25="",0,loadsymbol(s25,H));

h25 := hist(hhv(p25,lbk),1); u25 := (p25 > h25);

p26 := if(s26="",0,loadsymbol(s26,H));

h26 := hist(hhv(p26,lbk),1); u26 := (p26 > h26);

p27 := if(s27="",0,loadsymbol(s27,H));

h27 := hist(hhv(p27,lbk),1); u27 := (p27 > h27);

p28 := if(s28="",0,loadsymbol(s28,H));

h28 := hist(hhv(p28,lbk),1); u28 := (p28 > h28);

p29 := if(s29="",0,loadsymbol(s29,H));

h29 := hist(hhv(p29,lbk),1); u29 := (p29 > h29);

p30 := if(s30="",0,loadsymbol(s30,H));

h30 := hist(hhv(p30,lbk),1); u30 := (p30 > h30);

p31 := if(s31="",0,loadsymbol(s31,H));

h31 := hist(hhv(p31,lbk),1); u31 := (p31 > h31);

p32 := if(s32="",0,loadsymbol(s32,H));

h32 := hist(hhv(p32,lbk),1); u32 := (p32 > h32);

p33 := if(s33="",0,loadsymbol(s33,H));

h33 := hist(hhv(p33,lbk),1); u33 := (p33 > h33);

p34 := if(s34="",0,loadsymbol(s34,H));

h34 := hist(hhv(p34,lbk),1); u34 := (p34 > h34);

p35 := if(s35="",0,loadsymbol(s35,H));

h35 := hist(hhv(p35,lbk),1); u35 := (p35 > h35);

p36 := if(s36="",0,loadsymbol(s36,H));

h36 := hist(hhv(p36,lbk),1); u36 := (p36 > h36);

p37 := if(s37="",0,loadsymbol(s37,H));

h37 := hist(hhv(p37,lbk),1); u37 := (p37 > h37);

p38 := if(s38="",0,loadsymbol(s38,H));

h38 := hist(hhv(p38,lbk),1); u38 := (p38 > h38);

p39 := if(s39="",0,loadsymbol(s39,H));

h39 := hist(hhv(p39,lbk),1); u39 := (p39 > h39);

p40 := if(s40="",0,loadsymbol(s40,H));

h40 := hist(hhv(p40,lbk),1); u40 := (p40 > h40);

p41 := if(s41="",0,loadsymbol(s41,H));

h41 := hist(hhv(p41,lbk),1); u41 := (p41 > h41);

p42 := if(s42="",0,loadsymbol(s42,H));

h42 := hist(hhv(p42,lbk),1); u42 := (p42 > h42);

p43 := if(s43="",0,loadsymbol(s43,H));

h43 := hist(hhv(p43,lbk),1); u43 := (p43 > h43);

p44 := if(s44="",0,loadsymbol(s44,H));

h44 := hist(hhv(p44,lbk),1); u44 := (p44 > h44);

p45 := if(s45="",0,loadsymbol(s45,H));

h45 := hist(hhv(p45,lbk),1); u45 := (p45 > h45);

p46 := if(s46="",0,loadsymbol(s46,H));

h46 := hist(hhv(p46,lbk),1); u46 := (p46 > h46);

p47 := if(s47="",0,loadsymbol(s47,H));

h47 := hist(hhv(p47,lbk),1); u47 := (p47 > h47);

p48 := if(s48="",0,loadsymbol(s48,H));

h48 := hist(hhv(p48,lbk),1); u48 := (p48 > h48);

p49 := if(s49="",0,loadsymbol(s49,H));

h49 := hist(hhv(p49,lbk),1); u49 := (p49 > h49);

p50 := if(s50="",0,loadsymbol(s50,H));

h50 := hist(hhv(p50,lbk),1); u50 := (p50 > h50);

newhi :=u1+u2+u3+u4+u5+u6+u7+u8+u9+u10+u11+u12+u13+u14+u15+u16+u17+u18+u19+u20+u21+u22+u23+u24+u25+u26+u27+u28+u29+u30+u31+u32+u33+u34+u35+u36+u37+u38+u39+u40+u41+u42+u43+u44+u45+u46+u47+u48+u49+u50;

{New Lows}

q1 := if(s1="",0,loadsymbol(s1,L));

L1 := hist(llv(q1,lbk),1); d1 := (q1 < L1);

q2 := if(s2="",0,loadsymbol(s2,L));

L2 := hist(llv(q2,lbk),1); d2 := (q2 < L2);

q3 := if(s3="",0,loadsymbol(s3,L));

L3 := hist(llv(q3,lbk),1); d3 := (q3 < L3);

q4 := if(s4="",0,loadsymbol(s4,L));

L4 := hist(llv(q4,lbk),1); d4 := (q4 < L4);

q5 := if(s5="",0,loadsymbol(s5,L));

L5 := hist(llv(q5,lbk),1); d5 := (q5 < L5);

q6 := if(s6="",0,loadsymbol(s6,L));

L6 := hist(llv(q6,lbk),1); d6 := (q6 < L6);

q7 := if(s7="",0,loadsymbol(s7,L));

L7 := hist(llv(q7,lbk),1); d7 := (q7 < L7);

q8 := if(s8="",0,loadsymbol(s8,L));

L8 := hist(llv(q8,lbk),1); d8 := (q8 < L8);

q9 := if(s9="",0,loadsymbol(s9,L));

L9 := hist(llv(q9,lbk),1); d9 := (q9 < L9);

q10 := if(s10="",0,loadsymbol(s10,L));

L10 := hist(llv(q10,lbk),1); d10 := (q10 < L10);

q11 := if(s11="",0,loadsymbol(s11,L));

L11 := hist(llv(q11,lbk),1); d11 := (q11 < L11);

q12 := if(s12="",0,loadsymbol(s12,L));

L12 := hist(llv(q12,lbk),1); d12 := (q12 < L12);

q13 := if(s13="",0,loadsymbol(s13,L));

L13 := hist(llv(q13,lbk),1); d13 := (q13 < L13);

q14 := if(s14="",0,loadsymbol(s14,L));

L14 := hist(llv(q14,lbk),1); d14 := (q14 < L14);

q15 := if(s15="",0,loadsymbol(s15,L));

L15 := hist(llv(q15,lbk),1); d15 := (q15 < L15);

q16 := if(s16="",0,loadsymbol(s16,L));

L16 := hist(llv(q16,lbk),1); d16 := (q16 < L16);

q17 := if(s17="",0,loadsymbol(s17,L));

L17 := hist(llv(q17,lbk),1); d17 := (q17 < L17);

q18 := if(s18="",0,loadsymbol(s18,L));

L18 := hist(llv(q18,lbk),1); d18 := (q18 < L18);

q19 := if(s19="",0,loadsymbol(s19,L));

L19 := hist(llv(q19,lbk),1); d19 := (q19 < L19);

q20 := if(s20="",0,loadsymbol(s20,L));

L20 := hist(llv(q20,lbk),1); d20 := (q20 < L20);

q21 := if(s21="",0,loadsymbol(s21,L));

L21 := hist(llv(q21,lbk),1); d21 := (q21 < L21);

q22 := if(s22="",0,loadsymbol(s22,L));

L22 := hist(llv(q22,lbk),1); d22 := (q22 < L22);

q23 := if(s23="",0,loadsymbol(s23,L));

L23 := hist(llv(q23,lbk),1); d23 := (q23 < L23);

q24 := if(s24="",0,loadsymbol(s24,L));

L24 := hist(llv(q24,lbk),1); d24 := (q24 < L24);

q25 := if(s25="",0,loadsymbol(s25,L));

L25 := hist(llv(q25,lbk),1); d25 := (q25 < L25);

q26 := if(s26="",0,loadsymbol(s26,L));

L26 := hist(llv(q26,lbk),1); d26 := (q26 < L26);

q27 := if(s27="",0,loadsymbol(s27,L));

L27 := hist(llv(q27,lbk),1); d27 := (q27 < L27);

q28 := if(s28="",0,loadsymbol(s28,L));

L28 := hist(llv(q28,lbk),1); d28 := (q28 < L28);

q29 := if(s29="",0,loadsymbol(s29,L));

L29 := hist(llv(q29,lbk),1); d29 := (q29 < L29);

q30 := if(s30="",0,loadsymbol(s30,L));

L30 := hist(llv(q30,lbk),1); d30 := (q30 < L30);

q31 := if(s31="",0,loadsymbol(s31,L));

L31 := hist(llv(q31,lbk),1); d31 := (q31 < L31);

q32 := if(s32="",0,loadsymbol(s32,L));

L32 := hist(llv(q32,lbk),1); d32 := (q32 < L32);

q33 := if(s33="",0,loadsymbol(s33,L));

L33 := hist(llv(q33,lbk),1); d33 := (q33 < L33);

q34 := if(s34="",0,loadsymbol(s34,L));

L34 := hist(llv(q34,lbk),1); d34 := (q34 < L34);

q35 := if(s35="",0,loadsymbol(s35,L));

L35 := hist(llv(q35,lbk),1); d35 := (q35 < L35);

q36 := if(s36="",0,loadsymbol(s36,L));

L36 := hist(llv(q36,lbk),1); d36 := (q36 < L36);

q37 := if(s37="",0,loadsymbol(s37,L));

L37 := hist(llv(q37,lbk),1); d37 := (q37 < L37);

q38 := if(s38="",0,loadsymbol(s38,L));

L38 := hist(llv(q38,lbk),1); d38 := (q38 < L38);

q39 := if(s39="",0,loadsymbol(s39,L));

L39 := hist(llv(q39,lbk),1); d39 := (q39 < L39);

q40 := if(s40="",0,loadsymbol(s40,L));

L40 := hist(llv(q40,lbk),1); d40 := (q40 < L40);

q41 := if(s41="",0,loadsymbol(s41,L));

L41 := hist(llv(q41,lbk),1); d41 := (q41 < L41);

q42 := if(s42="",0,loadsymbol(s42,L));

L42 := hist(llv(q42,lbk),1); d42 := (q42 < L42);

q43 := if(s43="",0,loadsymbol(s43,L));

L43 := hist(llv(q43,lbk),1); d43 := (q43 < L43);

q44 := if(s44="",0,loadsymbol(s44,L));

L44 := hist(llv(q44,lbk),1); d44 := (q44 < L44);

q45 := if(s45="",0,loadsymbol(s45,L));

L45 := hist(llv(q45,lbk),1); d45 := (q45 < L45);

q46 := if(s46="",0,loadsymbol(s46,L));

L46 := hist(llv(q46,lbk),1); d46 := (q46 < L46);

q47 := if(s47="",0,loadsymbol(s47,L));

L47 := hist(llv(q47,lbk),1); d47 := (q47 < L47);

q48 := if(s48="",0,loadsymbol(s48,L));

L48 := hist(llv(q48,lbk),1); d48 := (q48 < L48);

q49 := if(s49="",0,loadsymbol(s49,L));

L49 := hist(llv(q49,lbk),1); d49 := (q49 < L49);

q50 := if(s50="",0,loadsymbol(s50,L));

L50 := hist(llv(q50,lbk),1); d50 := (q50 < L50);

newlo:=d1+d2+d3+d4+d5+d6+d7+d8+d9+d10+d11+d12+d13+d14+d15+d16+d17+d18+d19+d20+d21+d22+d23+d24+d25+d26+d27+d28+d29+d30+d31+d32+d33+d34+d35+d36+d37+d38+d39+d40+d41+d42+d43+d44+d45+d46+d47+d48+d49+d50;

[horzline=0;color=black]

[linestyle =solid;color=blue]

newhi-newlo;