Difference between revisions of "Below"
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| − | Used in combination with [[Cross]] to specify the direction of the cross. | + | Used in combination with [[Cross]] to specify the direction of the cross. '''Below''' specifies a downward (greater to a lesser value) direction. |
| − | |||
| − | + | == Usage == | |
| + | <syntaxhighlight>Plot1 Cross Below Plot2</syntaxhighlight> | ||
| − | + | or | |
| − | + | <syntaxhighlight>E1 Cross Below E2</syntaxhighlight> | |
| − | + | Where: | |
| − | + | :'''E''' - a numerical expression. | |
| − | == | + | == Notes == |
| − | + | The plot of A is defined as having crossed Below the plot of B if the value of A is less than the value of B and one of the following is true: | |
| + | *The value of A was more than the value of B on the bar immediately preceding the current bar, | ||
| + | or | ||
| + | *The values of A and B were equal for a consecutive sequence of one or more bars immediately preceding the current bar and the value of A was more than the value of B on the bar immediately preceding this sequence of bars. | ||
| − | + | For more information see [[Cross]]. | |
| − | + | == Examples == | |
| + | Trigger an alert on the bar where the Close price crosses below 1350.00: | ||
| − | + | <syntaxhighlight>Plot1(Close); | |
| − | |||
| − | |||
| − | <syntaxhighlight> | ||
| − | |||
If Plot1 Cross Below 1350.50 Then | If Plot1 Cross Below 1350.50 Then | ||
| − | Alert("Price has crossed below 1350.00");</syntaxhighlight> | + | Alert("Price has crossed below 1350.00");</syntaxhighlight> |
| − | + | To open a short position if a 5-period moving average crosses below a 10-period moving average: | |
| − | + | <syntaxhighlight> | |
| − | + | If (Average(Close, 5) cross below Average(Close, 10)) then | |
| − | + | SellShort ("ES") 1 contracts next bar at Market; | |
| − | + | </syntaxhighlight> | |
| − | |||
[[Category:Comparisons and Loops]] | [[Category:Comparisons and Loops]] | ||
Latest revision as of 11:15, 27 February 2012
Used in combination with Cross to specify the direction of the cross. Below specifies a downward (greater to a lesser value) direction.
Usage
Plot1 Cross Below Plot2
or
E1 Cross Below E2
Where:
- E - a numerical expression.
Notes
The plot of A is defined as having crossed Below the plot of B if the value of A is less than the value of B and one of the following is true:
- The value of A was more than the value of B on the bar immediately preceding the current bar,
or
- The values of A and B were equal for a consecutive sequence of one or more bars immediately preceding the current bar and the value of A was more than the value of B on the bar immediately preceding this sequence of bars.
For more information see Cross.
Examples
Trigger an alert on the bar where the Close price crosses below 1350.00:
Plot1(Close);
If Plot1 Cross Below 1350.50 Then
Alert("Price has crossed below 1350.00");
To open a short position if a 5-period moving average crosses below a 10-period moving average:
If (Average(Close, 5) cross below Average(Close, 10)) then
SellShort ("ES") 1 contracts next bar at Market;
