From 46fe64f59cbd32b28d7f0a2c5d3679e7d8027904 Mon Sep 17 00:00:00 2001
From: moshferatu <moshferatu@moshferatu.dev>
Date: Wed, 3 Jul 2024 12:18:55 -0700
Subject: [PATCH] Add NASDAQ Cumulative New Highs New Lows breadth indicator

---
 nasdaq_cumulative_new_highs_new_lows.pine | 18 ++++++++++++++++++
 1 file changed, 18 insertions(+)
 create mode 100644 nasdaq_cumulative_new_highs_new_lows.pine

diff --git a/nasdaq_cumulative_new_highs_new_lows.pine b/nasdaq_cumulative_new_highs_new_lows.pine
new file mode 100644
index 0000000..2945314
--- /dev/null
+++ b/nasdaq_cumulative_new_highs_new_lows.pine
@@ -0,0 +1,18 @@
+//@version = 5
+indicator("NASDAQ Cumulative New Highs New Lows", overlay = true)
+
+var cumulativeNewHighsLows = float(na)
+
+newHighs = request.security("HIGQ", "D", close)
+newLows = request.security("LOWQ", "D", close)
+
+newHighsLows = nz(cumulativeNewHighsLows) + (newHighs - newLows)
+cumulativeNewHighsLows := newHighsLows
+
+mean = ta.sma(cumulativeNewHighsLows, 252)
+stdev = ta.stdev(cumulativeNewHighsLows, 252)
+zScore = (cumulativeNewHighsLows - mean) / stdev
+plot(zScore)
+
+regimeColor = zScore > 0 ? color.green : color.red
+bgcolor(color.new(regimeColor, transp = 75))
\ No newline at end of file