Haurlan Index


Function Name: haurlan

Tags: None

Category: Market Breadth

The Haurlan Index is an exponential moving average of the advances minus the declines. There are three variations for short- (Period = 3) , intermediate- (Period = 20), and long-term (Period = 200) analysis, using three different exponential moving averages.

Data components required:

- Advances - Declines

What Does Market Breadth Mean? A technique used in technical analysis that attempts to gauge the direction of the overall market by analyzing the number of companies advancing relative to the number declining. Positive market breadth occurs when more companies are moving higher than are moving lower, and it is used to suggest that the bulls are in control of the momentum. Conversely, a disproportional number of declining securities is used to confirm bearish momentum.

The market, in which a security is traded, has to be selected from the parameter drop-down menu (single klick on the index name, then the drop-down appears); e.g. if the Coppock Breadth of "Adidas" should be calculated, one has to select "DAX".


Source: "The Complete Guide to Market Breadth Indicators - How to Analyze and Evaluate Market Direction and Strength"

by G. L. Morris, McGraw-Hill

Author: P. N. Haurlen










Default Value: 20  |  Minimum: 2  |  Maximum: 99999


Type: Numeric