Norton High - Low Indicator

Norton High - Low Indicator uses results from the Demand Index and the Stochastic study and is designed to pick tops and bottoms on long term futures price charts. Two lines are generated: the NLP line and the NHP line. The system also uses level lines at -2 and -3. The NLP line crossing -3 to the downside is the signal that a new bottom will occur in 4-6 periods, using daily, weekly, or mnthly data. Similarly, the NHP line crossing -3 to the downside indicates a new top in the same time frame. The indicator tends to be more reliable using longer term data (weekly or monthly). When either indicator drops below the - 3 level, a reversal may be imminent. The reversal (or hook) is the signal to enter the commodity or futures market. For greater reliability, use the Norton High - Low Indicator together with other studies for confirmation.

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Information is believed to be reliable and is provided 'as is' without warranty.