I am trying to design a new Peak Trough Indicator that would
detect a peak or trough condition before is has risen to a % value.
Or one that does not look forward and be able to number the past conditions for
use in a scan below is my idea of how this might be programed but the signals
are incorrect.
Basically I want to use this as you would a Trough but
I want to define a low trough value before it makes a 10% advance.
How can I get the previous Value of this occurance by assigning it a
number. I am thinking I must use a loop buy not sure?
I hope I am explaining this correctly.
THANKS
Ernie
// Test Scan to find 10% Lowest Low Troughs by Number
TrCond = Ref(L,-2) > Ref(L,-1) AND
Ref(L,-1) < L AND
Ref(H,-1) < H AND Ref(L,-1) < Ref(HHV(H,10),-2)*.90;
for( i = 1; i < BarCount; i++ )
{
TrCond[ i ] = L[i];
}
Filter = TrCond;
AddColumn(C,"Close",1.2);
AddColumn(Ref(L,-1),"L-1",1.2);
AddColumn(TrCond[1],"TR1",1.2);
AddColumn(TrCond[2],"TR2",1.2);
AddColumn(TrCond[3],"TR3",1.2);
