Consecutive Downs SE
From MultiCharts
Definition
The Consecutive Downs SE signal generates a sell order when the number of occurrences where Price (close) is less than the previous Price. If the condition is true over the last ConsecutiveDowns (input) number of bars, a short entry order will be generated at the open of the next bar.
The Consecutive Downs SE signal generates short entry orders only. Use Consecutive Ups LE for long entries. Check the related Consecutive Downs indicator.
Commission or slippage are not taken into account for strategy calculation.
Default Inputs
Price sets the number of bars used for calculation, close by default.
ConsecutiveBarsDown sets the number of consecutive bars with the falling price, 3 by default.
