Can I create the a Elder New High New Low Index using NT?

[scottjk]

Alexander Elder uses his New High New Low (NHNL) index to track the psychology of the market. You can’t just develop a NHNL indicator and apply it to a stock symbol. This is an index like the VIX, it’s not an indicator to apply to a stock so it needs to be treated like its own index symbol since it looks at ALL of the stocks as a whole.
The index is computed by counting up all of the US stocks (on any of the three major exchanges) that are making new 52-week highs and subtracting all of the US stocks that are making new 52-week lows. So to produce this index you need the historical daily price information for all 17,000+ stock symbols for the past X years. (I know this would be one row of data per symbol for each day would be 4.4M rows of data for each year of data to produce the index.)
StockCharts.com has already done this but I want to use this market index (not indicator) in my trading strategy with Ninja Trader.
SO HERE IS MY QUESTION: Let's assume I can get this historical daily price information from an external data feed and I put it into a database, spreadsheet or ascii flat file. Is there a way on Ninja Trader or other trading tool, can read that data so I can produce a new index symbol by reading this data?

[NinjaTrader_RyanM1]

Hello scottjk,

Thanks for the post and welcome to the NinjaTrader forums. If you have data for it, you can import it in NinjaTrader. You can import raw txt files if they're in the right format. The format for imported data is available here:

http://www.ninjatrader.com/support/helpGuides/nt7/importing.htm