Category: Advanced Indicator Set 2
Abbreviation: FlagNToggleWithReset
Input parameters
Name
|
Setting
|
Default
|
Condition 1
|
Condition 1 time series
|
Close
|
…
|
…
|
…
|
Condition N
|
Condition N time series
|
Close
|
Reset Condition
|
Reset condition time series
|
Close
|
where N=1,2,3,4.
Calculations
FlagNToggleWithReset (N=1,2,3,4) indicators give a continuous signal when all N conditions become true (have non-zero values) in a timely sequence. Firstly, Condition 1 must turn true, after that Condition 2 must turn true, after that Condition 3, and so on. The FlagNToggleWithReset indicator output is equal to 1 on the first bar where Condition N in that sequence turns true. The output then continues to be one until Reset Condition turns true. In other words, the flag is not momentary like the other Flag indicators. The Reset Condition sets the indicator output to zero and resets the flag system so it begins to check out conditions again starting with Condition 1.
See also FlagN and FlagNR indicators.
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