QuantConnect / QuantConnect/Lean

Implements New Highs New Lows Indicator

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indicator
Dominant language
C#
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Merged PRs (30d)
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Description

Expected Behavior

Support NH-NL Indicator:

The New Highs - New Lows indicator (NH-NL) displays the daily difference between the number of stocks reaching new 52-week highs and the number of stocks reaching new 52-week lows. The NH-NL indicator generally reaches its extreme lows slightly before a major market bottom.

Actual Behavior

Not supported

Potential Solution

This indicator follows closely the ADR architecture.

Checklist
  • I have completely filled out this template
  • I have confirmed that this issue exists on the current master branch
  • I have confirmed that this is not a duplicate issue by searching issues
  • I have provided detailed steps to reproduce the issue

Contributor guide

Open the contributing guide

First steps

  1. Read the whole issue, then the project's contributing guide.
  2. Comment on the issue to say you are picking it up — it saves two people doing the same work.
  3. Fork the repository and make your change on a branch.
  4. Open a pull request that references the issue number.

Research direction

Start by locating the existing ADR indicator implementation and its related tests, since the issue says NH-NL should follow that architecture. Compare the indicator's required 52-week-high and 52-week-low inputs with the existing ADR flow; done means the daily difference is supported and covered by matching tests.

Written by the indexing model from the issue text.

Assessment

Tech stack
csharp
Domain
fintech-quant
Issue type
Feature
Difficulty
3/5
Estimated time
1-2 days
Activity status
Stale
Clarity
Mostly clear
Newbie friendliness
45/100

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