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Creating a Simple Contrarian Indicator.
Presenting & Coding the High-Low Index for Trading in Python.
Contrarian indicators exist in every color and finding them is a job that requires patience and proper research. For instance, many indicators are useless when taken live. This is because, all indicators are price-derived and are unlikely to consistently predict the future. The other reason is that they are simply bad calculations that do not reflect the reality of the market price.
I have released a new book after the success of my previous one “Trend Following Strategies in Python”. It features advanced contrarian indicators and strategies with a GitHub page dedicated to the continuously updated code. If you feel that this interests you, feel free to visit the below Amazon link, or if you prefer to buy the PDF version, you could check the link at the end of the article.
The High-Low Index
The High-Low index is an incredibly simple calculation that seeks to act as a momentum indicator to identify outstretched market…
