FTB-C000225 / Formula component

Net New Highs

Net New Highs is the count of new highs minus the count of new lows for the same universe and session.

Also known asnew highs minus new lows

Foundation Formula defined 2 linked topicsPublished

Definitions

In plain terms

A positive value means more eligible issues made new highs than new lows; a negative value means the opposite.

Technical

Both counts must use identical eligibility, price, lookback, timestamp, and missing-history rules.

Scope

The value is a breadth count, not a return or price change.

Formula

Net new highs = NH - NL
LaTeX: NNH=NH-NL
SymbolMeaningUnit
NHnew-high issuesissues
NLnew-low issuesissues

Output unit: issues

Examples

  • A Fintech Builder lesson can compute or identify Net New Highs only after declaring its inputs, timing, and edge-case rules.

Common misconceptions

  • The value is a breadth count, not a return or price change.

Concept relationships

Prerequisites

Related

Where this concept is used

Tutorials planned

These catalogued topics use this concept, but their complete build has not shipped yet.

  • D04-F03-A01 Primary
  • D04-F03-A02 Important

Evidence and governance

  1. High-Low Index StockCharts ChartSchool · secondary methodology

    Supports: preferred label, short definition, technical definition, formula

    Limits: Examples are educational and provider-specific; they do not prescribe a universal universe, lookback, or trading rule.

Reviewed by
fintech-builder-batch-005
Last reviewed
2026-07-27
Next review
2027-07-27
Record status
published
Written by

Fintech engineer building market-data and financial systems, and the author of every article, glossary record, and reference implementation on The Fintech Builder.