Consecutive Ups LE

Definition

The Consecutive Downs LE signal generates a buy order when the number of occurrences where Price (close) is greater than the previous Price. If the condition is true over the last ConsecutiveDowns (input) number of bars, a long entry order will be generated at the open of the next bar.

The Consecutive Downs LE signal generates long entry orders only. Use Consecutive Downs SE for long entries. Check the related Consecutive Ups 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.

ConsecutiveBarsUp sets the number of consecutive bars with the falling price, 3 by default.