LowerShadowLen

Description

This function determines the difference between the real body low and the low. This is the lower shadow.

Formula

LowerShadowLen(instrument, targetBar)=begin

  rBody = RealBody(instrument, targetBar)

  cLow = GetPrice(instrument, BATE_LOW, targetBar, 0)

  cOpen = GetPrice(instrument, BATE_OPEN, targetBar, 0)

  cClose = GetPrice(instrument, BATE_CLOSE, targetBar, 0)

  retval = cClose - cLow

  if rBody > 0 then retval = cOpen - cLow

  retval

end

Parameters

instrument

An instrument.

targetBar

The index of the bar you want to evaluate. 0 is the current bar, 1 is the first bar back, etc.

Return Value

The difference between the real body low and the low.

Examples

...

  if LowerShadowLen($1, targetBar) >= (2 * Abs(RealBodyLen($1, targetBar))) then begin

...

Comments

NA