DEFINITION of 'Haurlan Index'
A technical analysis indicator, developed by P.N. Haurlan, that is used to detect market breadth. There are three components of the Haurlan index:
Short Term: a 3-day exponential moving average is taken of the net NYSE advances over declines.
Intermediate Term: same, using a 20-day exponential moving average.
Long Term:same, using a 200-day exponential moving average.
BREAKING DOWN 'Haurlan Index'
Each of the three components is used to detect a different movement, whether it is momentum, breakouts, or resistance.