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Created page with "=== Definition === The Crossovers per Bar indicator plots the number of times that the specified Formula1 crosses over Formula2 per bar. <br> <div style="background-color:..."
=== Definition ===
The Crossovers per Bar indicator plots the number of times that the specified Formula1 crosses over Formula2 per bar. <br>
<div style="background-color: #E3FBE5;">'''Note:''' A crossover refers to an instance where an indicator and a price, or multiple indicators, overlap and cross one another. </div>
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: <br>
1. Formula1 > Formula2 on the current tick;<br>
2. Formula1 < Formula2 on the last preceding tick on which Formula1 and Formula2 were not equal. <br>
=== Default Inputs===
'''Formula1''' sets the PowerLanguage expression, close by default.
'''Formula2''' sets the PowerLanguage expression to be compared to Formula1, average(close, 9) by default.
'''DataNum''' sets a numerical expression specifying the data number of the series, 1 by default.
[[Category:Pre-built Indicators]]
The Crossovers per Bar indicator plots the number of times that the specified Formula1 crosses over Formula2 per bar. <br>
<div style="background-color: #E3FBE5;">'''Note:''' A crossover refers to an instance where an indicator and a price, or multiple indicators, overlap and cross one another. </div>
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: <br>
1. Formula1 > Formula2 on the current tick;<br>
2. Formula1 < Formula2 on the last preceding tick on which Formula1 and Formula2 were not equal. <br>
=== Default Inputs===
'''Formula1''' sets the PowerLanguage expression, close by default.
'''Formula2''' sets the PowerLanguage expression to be compared to Formula1, average(close, 9) by default.
'''DataNum''' sets a numerical expression specifying the data number of the series, 1 by default.
[[Category:Pre-built Indicators]]