No. of Recommendations: 8
For each stock, return 1 if at a new high. This can be written in 2 equivalent ways:
[A>1 ? 1 : 0]
If A>1 then 1 else 0
Each stock gets a 1 or 0 depending on if it is at a new high. Sum up all these values to get a count of the stocks at new highs.
======= more details ============
[PcntNHC252]: [100*[
[Sum [[[Closing g-price; quote_lag=0 days]/[Highest closing g-price over 251 days; lag=1 days]] > 1 ? 1 : 0] at step4]
/[StockCount]]]
1. For each stock, calculate the ration of the current price to the highest price over the previous 251 market days.
PriceToHighPriceRatio = [[Closing g-price; quote_lag=0 days]/[Highest closing g-price over 251 days; lag=1 days]]
2. If this is a new high price, set B=1.
if (PriceToHighPriceRatio > 1) then B=1 else B=0
3. Add up all the B's for the stocks eligible at step4.
SumB = Sum of B for stocks at step4
4. Divide by StockCount.
[PcntNHC252] = 100 * SumB / StockCount
Calculation #2 above can also be written as:
B = (PriceToHighPriceRatio > 1) ? 1 : 0
