Category: Advanced Indicator Set 1
Input parameters
Name
|
Setting
|
Default
|
Low
|
Low time series
|
Low
|
Period
|
Integer => 1
|
10
|
Calculations
The indicator output is the number of bars between the current bar and the bar when the lowest Low occurred within Period bars back:
Output = Number of bars(current bar, the lowest Low bar)
If the same lowest Low price occurs not on a single bar, but on two or more bars in the window, then the indicator takes the most recent lowest Low bar. If all bars in the window have the same Low price, the indicator output is zero.
See also: Aroon Down
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