After extended advances, stocks occasionally have a last surge higher and form what is known as a climax top. One way to gauge this is to study what distance the stock is, in percentage terms, vs a moving average. However, most indicators use the close of the bar rather than the high of the bar for this calculation. Stocks that have big reversals may not show to be overextended when looking at a weak closing price. therefore, this tool looks at the high of the week vs the 10-week moving average so that the closing price does not affect comparisons between different weeks.
Great. O'Neil and IBD suggest using the 10 Weeks MA.
Lifelessplum
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Is there any way to see in percentage vs current price? Insee your using for when to sell didnt know if there was one for distance above 10w for stop losses
fakda391
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please change title in Style from 10 ma
mpkalapala
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Would be great if you can add 2 lines to cover mean of highs and mean of lows
toro78
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@mpkalapala, I agree, i was just looking to add standard deviations or some way to view highs and lows automatically. mean sounds good too.
Pladizow
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Would be nice to be able to change the # of weeks and not only be fixed at 10.
meterdown
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@Pladizow, you can change the # of weeks, and this seems to plot on daily chart as well, but the label in settings is hard-coded to 10 weeks