New High

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New High

newhi.gifNew High indicates a steadily increasing price and places a dot or dash above any bar where the value of the high of the bar is higher than that of the last 10 bars.

Users can change the number of previous highs used in the calculation, this can prove extremely valuable for both novice and experienced traders looking for breakouts of Support and Resistance levels.

It's functionality is the exact opposite of the New Low Hi-Lite.

Previous Periods setting

By default the Hi-Lite compares the current high with those of the previous 10 days. The scope of this comparison can be adjusted by the user.

To change the setting, double-left mouse-click on the New High Hi-Lite's label to open the New High Properties dialog box, and click the Parameters tab.

Type in a new number of days for the Periods Previous comparison and click OK to apply the new setting to the Hi-Lite.

This new setting can be saved as the new default by clicking the Defaults button.

Display Settings

Display settings are changed on the Settings tabbed page of the New High Properties dialog box.

Color and Display

The color of the Hi-Lite can be changed, and the following display options are available:

  • Colored bullet, no color change for the bar (default setting, only Display Bullet checked)
  • Colored bullet and colored bar (both Style check boxes, Display Bullet and Change Bar Color, selected)
  • Color change for the bar, bullet not displayed (check Change Bar Color, un-check Display Bullet)
Bullet Type and Position

The indicator bullets can be either a Dash or a Dot.

Also, the position of the bullet can be set to display at either the Open, High, Low or Close level for the interval. The default is High which is understandable considering that the High price is the only data type used in the calculation.

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