Consecutive Downs: Difference between revisions
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=== Definition === | === Definition === | ||
The Consecutive Downs indicator can be used to detect declining markets. It marks bar Low when the price of the bars referenced is consecutively lower than the Price of the previous | The Consecutive Downs indicator can be used to detect declining markets. It marks bar Low when the price of the bars referenced is consecutively lower than the Price of the previous ConsecutiveBarsDown number of bars. <br> | ||
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One can add the conditions for detecting a declining market by editing the Price input. It can include an additional indicator (RSI or ADX, for example), or any input that returns a numerical expression. <br> | One can add the conditions for detecting a declining market by editing the Price input. It can include an additional indicator (RSI or ADX, for example), or any input that returns a numerical expression. <br> |