In case it might be helpful -
H%, DHoD - % & $ to High
L%, DLoD - % & $ to Low
O% - % from Open
STS - Last relative to the Low - High range
AD... - Multiple of day range wrt ADR
Indx - A proprietary index combining AD... & RVol indicating momentum
Range - Day range (High - Low)
Good point on focusing on intraday % move - where the market is wrt the day's high, low and open is much more relevant than daily % while day trading or entering/existing positions in session. I developed the !!Net % HL indicator for this purpose & have been using it for years.
Given that nearly 50% of college endowment spending goes toward financial aid, the tax increase essentially closes the door on socioeconomically disadvantaged students seeking to transform their lives through a quality education.
Help defend Yale’s teaching, research, and scholarship.
The U.S. House of Representatives has passed legislation that proposes to raise the tax on the investment income of Yale and a number of other universities from 1.4% to 21%. Each year, this increased endowment tax would strip hundreds of millions of dollars from Yale’s budget.
“What is at stake is Yale’s ability to offer financial aid, to contribute to the vitality of our nation’s culture and civic life, and to introduce discoveries and innovations that transform the world," Yale President Maurie McInnis said Thursday.
Read McInnis' full message — and help make the case for what universities contribute and urge your legislators to reject an increase in the endowment tax: bit.ly/4kRjcNt #Yale
As an example, the last column shows the relative strength rankings of various ETFs as of last Friday's market close. $KIE, $ITA, $GLD (/$GDX), $SIL(/$SLV) & $MCHI stand out under this measure.
Replying to @jfsrev
Thanks for the shoutout, Jeff! Just add that this idea can be extended to develop an effective relative strength measure—simply divide the stock’s price by the chosen benchmark’s price daily and calculate the percentile of this ratio over a given period.
Live trade on $TSLA - Shorted at $250.02 on Dec 29, 2023, current price $219.34.
The algo captured perfectly the recent upward move of US 10-Year Treasury Note Futures $NQ_F - 5 contracts for a profit of $29,531.25:
































