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Description |
This function determines whether the current low is a new low. |
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Formula |
NewLow(instrument, distance)=begin bNewLow = FALSE targetBar = 0 cLow = GetPrice(instrument, BATE_LOW, targetBar, 0) if vchart(disttomin(instrument.low,0,distance)[-1])<distance then begin if cLow < vchart(instrument.low) then bNewLow = TRUE end bNewLow end |
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Parameters |
instrument An instrument.
distance The number of bars to test. |
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Return Value |
TRUE or FALSE |
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Examples |
... if NewLow($1, targetBar) then begin ... |
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Comments |
NA |
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