Hindenburg Omen is named after the Hindenburg disaster that occurred on 6 May 1937 when Germany’s Hindenburg airship crashed. The term was devised and promoted by James R. Miekka. Hindenburg Omen is a technical indicator designed to predict the risen probability of stock market crashes. It evaluates the percentage of new 52-week highs and new 52-week lows to a preset reference percentage in order to predict the growing chances of a market crash.
The Hindenburg Omen gets activated on meeting following three circumstances including-