New Low SE

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.
The following values are possible:
2 – daily
3 – weekly
4 – monthly
5 – yearly
Below 2 or above 5 – entire chart
If PeriodType is set to 2-5, the lowest value will be reset to the first low of each new time period.