Created page with "New Low SE looks for a new low value of the period specified in the PeriodType input. The strategy generates a short entry order for the next bar at one point below the lowest..."
New Low SE looks for a new low value of the period specified in the PeriodType input. The strategy generates a short entry order for the next bar at one point below the lowest low of the current period.
== Default Inputs ==
'''PeriodType (1)''' sets the time period to determine a new low.<br>
The following values are possible:<br>
'''2''' – daily<br>
'''3''' – weekly<br>
'''4''' – monthly<br>
'''5''' – yearly<br>
Below '''2''' or above '''5''' – entire chart<br>
If PeriodType is set to 2-5, the lowest value will be reset to the first low of each new time period.