New High LE

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New High LE looks for a new high value of the period specified in the PeriodType input. The strategy generates a long entry order for the next bar at one point above the highest high of the current period.

Default Inputs

PeriodType (1) sets the time period to determine a new high.
The following values are possible:
2 – daily
3 – weekly
4 – monthly
5 – yearly
Below 2 or above 5 – entire chart
If PeriodType is set to 2-5, the highest value will be reset to the first high of each new time period.