What is ‘Haurlan Index’
A technical analysis indicator, developed by P.N. Haurlan, that is used to detect market breadth. There are three components of the Haurlan index:
Short Term: a 3-day exponential moving average is taken of the net NYSE advances over declines.
Intermediate Term: same, using a 20-day exponential moving average.
Long Term:same, using a 200-day exponential moving average.
Explaining ‘Haurlan Index’
Each of the three components is used to detect a different movement, whether it is momentum, breakouts, or resistance.
Further Reading
- A financial investment assistant – ieeexplore.ieee.org [PDF]
- An integrated stock market forecasting model using neural networks – www.inderscienceonline.com [PDF]
- An integrated stock market forecasting model using neural networks – rave.ohiolink.edu [PDF]
- Supplementary information and markov processes in Soybean futures trading – search.proquest.com [PDF]
- Algorithmic pairs trading: empirical investigation of exchange traded funds – aaltodoc2.org.aalto.fi [PDF]
