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Joined: 8/26/2010(UTC)
Posts: 6
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Hi,
Need help in coding a channel line that keep track of the peak and trough values
Concept
1. Channel line uses 5 bars to form the Peak line and Trough line.
2. Peak = the previous 1 bar HIGH must be lower, then the next 3 bars HIGH must be lower or equal to the Peak bar.
3. Trough = the previous 1 bar LOW must be higher, then the next 3 bars LOW must be higher or equal to the Trough Bar.
Please help and thanks in advance
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