The Haurlan Index by Paul E. Carroll
ARTICLE SYNOPSIS ...The Haurlan index, which was originated by the Trade Levels, Inc., advisory service, has received comparatively little attention unfortunate, as it has proved to be effective in signaling tops and bottoms. By Paul E. Carroll
The number of advancing and declining stocks each day provides the raw data for a variety of breadth
indicators and trading systems, among which are the advance-decline line, the McClellan oscillator, the
Nicoski index (advancing stocks divided by declining stocks) and the Bolton-Tremblay indicator, to
mention only a few. And then there is the Haurlan index.
I have found...