Number of bars since High occurred

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Category: Advanced Indicator Set 1

 

Input parameters

Name

Setting

Default

High

High time series

High

Period

Integer => 1

10

 

Calculations

The indicator output is number of bars between current bar and the bar when the highest High occurred within Period bars back:

Output = Number of bars(current bar, the highest High bar)

If the same highest High price occurs not on a single bar, but on two or more bars in the window, then the indicator takes the most recent highest High bar. If all bars in the window have the same High price, the indicator output is zero.

 

See also: Aroon Up