Index Nicoski NIX

HBI Hughes Width Index - Index Nicoski NIX

In the literature there are many variations on the group of leading indicators declined. Basically, all these variants have in common is that the number of higher values and fallen in a given market or index is at the center. Based on the number and volume of the upper fall, and prices unchanged will be tempted by a clever combination of these output values forms useful indicator for the problem to the German markets on the one hand, data collection and the other to the influence of distorting values unchanged at the bottom of broad market indices such as Dow Jones.

An oscillator well known series of indicators of Advance Decline Index Width named Hughes, abbreviated HBI. Mathematically, the HBI calculated by dividing the net change in the highest values and fell by the sum of the values rose and fell. In practice, in determining the value of the indicator two fundamentally different approaches, with the first variant, the first index value is calculated and then performed a smoothing, the second option, do the exact opposite (the input values of the period, with the average and then calculating the indicator used). The average is calculated over a sampling period of 10 days.


As for the interpretation of numeracy whole, positive values of the oscillator signals a corresponding improvement in market dynamics, have negative values, however, bears responsibility. As a signal of a turnaround - both positive and negative direction - at the intersection of the zero line are used. In addition, the magnitude Hughes provides verification of the actual strength of the trend curve. Develop and market HBI differs so fashionable on the part of investors for increased vigilance.

With a long-term direction, but has a similar origin of Nicoski Index, abbreviated NIX. The first constructs a smoothing of the number of market values decreased or increased by the calculation period of 30 days, after which the advance decline by dividing the mean average. In principle, distinguishes the trend of the index after Nicoski beautiful, also indicate values above the median line, one of the positive and negative values below a momentum. As a signal for a turn Trendumnkehr medium can be considered as crossing the center line.


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