I have a version of the indicator based off of my study notes for the CMT Level 2 exam. email me if you're interested.
Mine is not flashing a full-blown signal but if and when it does, it usually occurs several times with the first signal occurring up to three months before the rug gets pulled out. At this time, the last signal I registered was in November 2007 - it's not as simple an indicator as the fiercefinance article suggests, but it's pretty impressive when used right. Russ --- In amibroker@yahoogroups.com, "Richard" <aree...@...> wrote: > > Has anyone programmed the Hindenburg indicator? If so please post. > Thanks > > Dick H > PS: It was featured in WSJ today > > Hindenburg Omen forecasting a big drop? > August 25, 2010 â" 3:56pm ET | By Jim Kim > <http://www.fiercefinance.com/author/jim> > > The Hindenburg Omen is a well-known indicator among what's left of the > technical analysis crowd. Mark Hulbert offers a look at the history of > this esoteric indicator here > <http://www.marketwatch.com/story/a-statistical-take-on-the-hindenburg-o\ > men-2010-08-24?reflink=MW_news_stmp> ; the basic idea is that when a lot > of stocks are hitting 52-week highs and lows simultaneously, a big drop > is in the making.The blogosphere has been rife with discussion of the > Hindenburg Omen, because it has recently been flashing ominous signals. > Indeed, Jim Miekka, the blind mathematician credited with creating the > indicator decades ago, has told journalists he has exited the stock > market. > Read more: Hindenburg Omen forecasting a big drop? - FierceFinance > <http://www.fiercefinance.com/story/hindenburg-omen-forecasting-big-drop\ > /2010-08-25#ixzz0xjznHzi0> > http://www.fiercefinance.com/story/hindenburg-omen-forecasting-big-drop/\ > 2010-08-25#ixzz0xjznHzi0 > <http://www.fiercefinance.com/story/hindenburg-omen-forecasting-big-drop\ > /2010-08-25#ixzz0xjznHzi0> > Subscribe: > http://www.fiercefinance.com/signup?sourceform=Viral-Tynt-FierceFinance-\ > FierceFinance >
