Subject: Re: BCC Updated to 12/23/2025
JR wrote: I must be misunderstanding something, because it appears to me that NH/NL has been bearish since December 17.

I'm pretty sure I was the one that originally shared this indicator with the MI Board. What I shared was based on using a 9-Day Weighted Moving Average (WMA). What you've posted is using an Exponential Moving Average (EMA). I've never done a comparison between the two, so I cannot vouch for whether an EMA works as well or better or worse.

This is what a 9-Day WMA looks like applied to a variety of universes.

https://www.zeelotes.org/NH-NL...