Yes Folks, Hindenburg Omen Tripped Again - MarketBeat - WSJ

Yes Folks, Hindenburg Omen Tripped Again - MarketBeat - WSJ: "Hindenburg Omen"
This text comes from: The Complete Guide to Market Breadth Indicators, Gregory Morris, and Miekka gave this definition (why to believe other than the one of the inventor?):

”The Hindenburg Omen is a sell signal that occurs when NYSE new highs and new lows each exceed 2,8 percent of advances plus declines on the same day. In addition, the NYSE index must be above the value it had 50 tradings days (10 weeks) ago. Once the signal occurred, it is valid for 30 trading days. Any additional signals given during the 30-day period should be ignored. During the 30 days, the signal is activated whenever the McClellan Oscillator (MCO) is negative, but deactivated whenever the MCO is positive. The signal starting point was originally calculated to be when NH and NL equaled or exceeded 2,4 percent of total issues traded, but was later simplified to 2,8 percent of advances plus declines.”’