Arw New

Displays an object, consisting of an up or a down arrow located at the specified bar and specified price value, on the chart that the study is based on; returns an object-specific ID number, required to modify the object.

Usage

Arw_New (BarDate, BarTime, PriceValue, Direction)

Parameters

BarDate - a numerical expression specifying the date of the bar at which the object is to be placed; the date is indicated in the YYYMMdd format, where YYY is the number of years since 1900, MM is the month, and dd is the day of the month

BarTime - a numerical expression specifying the time of the bar at which the object is to be placed; the time is indicated in the 24-hour HHmm format, where 1300 = 1:00 PM

PriceValue - a numerical expression specifying the price value (vertical position, corresponding to a value on the price scale of a chart), where the object is to be placed

Direction - a logical expression specifying the direction of the arrow; True = Down and False = Up

Example

Place, on the chart that the study is based on, an up arrow at the top of a bar if the Open price has increased incrementally over the last three bars:

If Open>Open[1] And Open[1]>Open[2] Then
Value1=Arw_New(Date,Time,High,False);