4 down days in a time range - Wealth Lab Forum

4 down days in a time range

Author: techtrader007

Creation Date: 6/4/2011 7:54 AM

Wealth Lab » WealthScript (.NET) » 4 down days in a time range

techtrader007

6/4/2011 7:54 AM

Good morning,

any idea how do I program following condition:

The price drops 4 out of 5 days. This means closing prices were lower than the day before for 4 out of the past 5 days.

Thanks for any help.

Eugene

6/4/2011 8:18 AM

Hi,
Here's an illustration:

Edit: wrong CumDown code removed

CODE:
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Cone

6/4/2011 12:37 PM

You really can't get there with CumDown since that indicator works based on the value of the specified series n bars ago. If you want to count the actual down closes over the past 5 periods -

CODE:
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So, the condition would be:

CODE:
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Eugene

6/4/2011 12:53 PM

I stand corrected. Thanks Robert.

Uploaded a modified version of my code (not using CumDown) together with Robert's code.

techtrader007

6/9/2011 5:21 AM

thank you very much.

Eugene

3/25/2015 3:32 AM

These conditions are now also available as easy-to-use Strategy Rules in Community.Rules:

* Price (Volume) Action > Price increases (decreases) a number of bars within period
* General Indicators > Indicator increases (decreases) a number of bars within period