52-Week High/Low - Alternative Time Period

In the previous posting, I discovered a huge opportunities missed when one uses the 52-week High/Low strategy especially the market rebounds from its low or reverses from its high prior to hit 52-week High or Low.

I decided to seek an alternative time period to complement the existing strategy. 

It's mind boggling when I started this task.

If the extension is too short it will limits the usefulness of it. But if the extension is too wide it will creates more confusion to the traders/investors.

Then I came across a website with some useful information.

Attached below is the snapshot from the website with highlights on the section consists of the info.
(Website source :  www.barchart.com)
 

Under "Percent Advances/Declines", there are set of different time periods. A good references.

With that info, I have created 2 new custom indicators called "S-Trader Multi Month High Low". and "S-Trader Multi Year High Low" to complement "S-Trader 52-week High Low".

The Multi Year will consists of 1-month, 3-month, 6-month, 9-month and 12-month.

As for the Multi Year, it includes the following period: 3-year, 5-year, 7-year and 9-year.