Rank: Member
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Joined: 1/9/2007(UTC)
Posts: 16
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Hi,
I want to create an indictator to tell me if the current price is the highest high since x periods ago. For instane, todays price is the highest high since 21 periods, or 52 periods etc.
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Rank: Advanced Member
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Joined: 7/25/2005(UTC)
Posts: 1,042
Was thanked: 57 time(s) in 54 post(s)
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Hi Dataman
Start the development of your indicator with something like this..
HHV(C,21)=C AND Sum(HHV(C,21)=C,21)=1;
This expression checks that the highest hich value of C over the last 21 periods is equal to the current C and that C has only been equal to HHV(C,21) once over the last 21 periods.
Roy
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