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Hi :
I would like to seek advice on coding the following conditions. Thanks
(1) The price has a lower low as compared to the prior day for at least 2 or more days in the past 5 days
(2) The price has made a new 250 day high within the last 20 days
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 7/25/2005(UTC)
Posts: 1,042
Was thanked: 57 time(s) in 54 post(s)
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Hi stocktrader
If I've understood your requirements correctly then the following MetaStock indicators will return a TRUE result (value or 1) when the relevant conditions are TRUE;
{Condition 1}
LowerLow:=L<Ref(L,-1);
Sum(LowerLow,5)>=2;
{Condition 2}
NewHigh:=H>HHV(Ref(H,-1),249);
Alert(NewHigh,20);
Roy
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 1 user thanked mstt for this useful post.
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