In this video, we dive into a unique and insightful indicator that tracks the Net New Highs (NNH) on the NSE (India) to gauge market strength. This indicator calculates the net number of stocks making 52-week highs or lows and displays it as a fraction of the total NSE universe.
Here’s what you’ll learn:
✔️ What Net New Highs (NNH) are and how they’re calculated
✔️ How to use NNH to identify bullish or bearish market conditions
✔️ Why positive NNH signals a strong (bullish) market
✔️ Practical tips for incorporating this indicator into your trading strategy
This is a powerful tool for traders looking to measure overall market health and take smarter, data-driven trades.
📈 Try this indicator on TradingView: [https://www.tradingview.com/v/W433ezuL/]
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