Haurlan Index
The Haurlan Index is an indicator developed by Peter N. Haurlan in the 1960s. It was developed to be an overbought oversold indicator. This indicator consists of three different components 1. The short term 3 day exponential moving average 2. The Intermediate mediate term 20 day exponential moving average 3. Long term 200 day exponential moving average All of these components takes the averages from the net advances over declines for the NYSE. When the short term line (the fast moving line) moves above +100 it is considered a buy signal and remains a buy signal until the line crosses below -150. When the line moves below -150 it is considered a sell signal and remains a sell signal until it crosses above +100. 
The Haurlan Index can be used to confirm breakouts and bounces. Professional investors will use this indicator alongside other indicators like support and resistance or other oscillators to give them an idea of where a stock is heading in the short term. Other Oscillators Using other oscillators can give you a good idea on whether a given stock is overbought or oversold and what may happen to it in the future. Here are a few other indicators to look into. Absolute Breadth Index - This index is used to measure the market’s volatility Time Series Forecast - This indicator can be used as a trend line Ease of Movement - This indicator looks at the relationship between price and volume
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