Consecutive Ups
Revision as of 15:36, 17 September 2021 by Vlada MultiCharts (talk | contribs) (Created page with "=== Definition === The Consecutive Downs indicator can be used to detect the upward trend in the markets. It marks bar High when the price of the bars referenced is consecut...")
Definition
The Consecutive Downs indicator can be used to detect the upward trend in the markets. It marks bar High when the price of the bars referenced is consecutively higher than the Price of the previous ConsecutiveBarsUp number of bars.
One can add the conditions for detecting a rising market by editing the Price input. It can include an additional indicator (RSI or ADX, for example), or any input that returns a numerical expression.
This indicator is used to show the upward trend in the markets.
Default Inputs
Price sets the number of bars used for calculation, close by default.
ConsecutiveBarsDown sets the number of consecutive bars with the rising price, 3 by default.