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Gerald Appel's Percentage of New Highs

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This is the original Gerald Appel's Percentage of new High Indicator.

10 day moving avg. of new highs divided by the total of highs plus lows. This ratio gives a good job at identifying both when a rally is weakening (when indicator breaks below from above 70%) as well as good spots to identifying spots to buy bottoms. (When Indicator moves back up through 30% from below)

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