Crossovers per Bar
From MultiCharts
The Crossovers per Bar indicator plots the number of times that the specified Formula1 crosses over Formula2 per bar.
Description
A crossover refers to an instance where an indicator and a price, or multiple indicators, overlap and cross one another.
Crossovers are used in technical analysis to confirm patterns and trends such as reversals and breakouts, generating buy or sell signals accordingly.
A crossover occurs when two conditions are met:
- Formula1 > Formula2 on the current tick.
- Formula1 < Formula2 on the last preceding tick on which Formula1 and Formula2 were not equal.
Default Inputs
Formula1( close ) sets the PowerLanguage expression.
Formula2( average(close, 9) ) sets the PowerLanguage expression to be compared to Formula1.
DataNum( 1 ) sets a numerical expression specifying the data number of the series.
