TrueLow

Description

This formula identifies Wilder's true low.

Formula

TrueLow(instrument, index)=begin

  pLow = GetPrice(instrument, BATE_LOW, (index + 1), 0)

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

  retval = MIN(pLow, cClose)

end

Parameters

instrument

An instrument.

index

The bar, as oriented with the current bar, you want to evaluate.

Return Value

A true low

Examples

TrueRange2(instrument, index)=begin

  retval = Diff(TrueHigh(instrument,index),TrueLow(instrument,index))

end

Comments

NA