High Low Momentum Index for Breadth Ananlysis
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Sir,
How do we use the HLMI indicator to find the number of stocks in the sector that are trading within 10% of their 52-week high?I saw that Definedge team had posted a chart on this for all NSE sectors on 17th July '24 but I am not able to recreate the chart. The chart is given below.
Thanks!
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@Prashant-Shah Sir @@Definedge-Experts Request your help please.
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Please follow the below given path:
Go to Rzone -> Breadth -> Breadth Scanner -> High-Low Momentum Breadth -> Enter Period "252" -> Sector-NSE and click on "Scan". -
@Neha Pandey Thanks! Are these values for "price in bullish momentum"? What should be the lookback period today if I want to replicate these chart?
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If you want to plot this today, you should use a lookback period of 5.
