New Local High is typically used in crypto technical analysis to detect when a new local high has been made in a time series, such as the price of a an asset, over a specified period. A “local high” refers to a point where the price is higher than the surrounding data points within a certain period or window of time.

Key Points:

• Shorter periods (e.g., 10 or 15): More sensitive to recent price movements, generating more frequent signals.
• Longer periods (e.g., 30 or 50): Less sensitive to short-term price fluctuations, signaling only significant upward trends.

How it’s used:

• Crypto traders might use the New Local High indicator to identify breakout patterns, where the price breaks above recent highs and potentially continues upward.
• The periods chosen depend on the crypto trader’s strategy. Shorter periods are typically used by day traders or swing traders, while longer periods may be used by position traders or investors.
• Shorter periods (10, 15) are often used to catch early breakouts, while longer periods (30, 50) might be used to confirm more substantial breakouts from major resistance levels.

How to detect New Local Hight on altFINS

altFINS detects New Local High indicator for the periods of 10, 15, 20, 30, and 50. Here’s how the concept works for each of these periods:

For Period 10:

• The indicator checks whether the current price is the highest price over the last 10 periods (e.g., 10 days, if using daily data).
• If the current price is higher than any of the prices over the last 10 periods, it would be marked as a new local high.

For Period 15:

• The same logic applies, but over the last 15 periods. The indicator will signal a new local high if the current price is higher than any price from the previous 15 periods.

For Period 20:

• The indicator checks if the current price is higher than any price from the last 20 periods, signaling a new local high if true.

For Period 30:

• This indicator will look back over the last 30 periods. If the current price is the highest compared to any price in the last 30 periods, it will trigger a signal for a new local high.

For Period 50:

• Finally, for a 50-period New Local High indicator, it checks whether the current price is the highest over the last 50 periods.

How to detect New Local High on altFINS?

If you are looking at daily price data for a coin and set the period to 20, the New Local High indicator would mark the current price as a new high if it’s higher than the highest price of the previous 20 days.

New Local High on Crypto Screener

• Pre-set Filters –  Strategy Blocks –  New Local High – Choose Period

Go to Crypto Screener

• Custom Filters –  Price-  New Low Was Created – Choose Period

Go to Crypto Screener

New Local High on Signals Summary

• Strategy Blocks – New Local High – Choose Period

Go to Signals Summary

These are coins reaching a new high over the last 20 periods. On a daily time frame, this represents a span of 20 days.

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