Rank: Member
Groups: Registered, Registered Users, Subscribers
Joined: 5/21/2005(UTC)
Posts: 16
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Can somebody help me to create the formula to identify the following pattern:-
"The narrow range bar that is the smallest of the last four days while at the same time is an inside bar against the previous day bar" :(
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
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Klkoo, try this indicator/exploration code:
[code:1:03de9130c1]
{ Lookback periods }
pds:=4;
{ Bar range }
range:=H-L;
{ Smallest range bar in the last 4 bars }
minRange:=range=LLV(range,pds);
{ Min range & inside bar signal }
minRange AND Inside()
[/code:1:03de9130c1]
jose '-)
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