High-Low Index
The high-low index compares stocks that are reaching their 52-week highs with stocks that are hitting their 52-week lows. The high-low index is used by investors and traders to confirm the prevailing market trend of a broad market index, such as the Standard and Poor’s 500 index (S&P 500).
![High-Low Index](https://abovethegreenline.com/wp-content/uploads/2020/06/High-Low-Index.jpg)
The formula for calculating the High-Low Index is given below.
![High-Low Index formula](https://abovethegreenline.com/wp-content/uploads/2020/06/Hgh-Low-Index-Formula.jpg)