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Trading Indicator: True between the first and last signal

by QuantShare, 4338 days ago
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This custom trading indicator gets a time-series or condition and starts returning "1" on the first occurrence of "true" signal. It keeps returning "1" until there are no longer "true" signals in the future (in the provided time-series or condition). In other words, it returns "true" or "1" between the first and last signal.

Example:

01/01/2011 - 0
01/02/2011 - 1
01/03/2011 - 0
01/04/2011 - 0
01/05/2011 - 1
01/07/2011 - 0
01/08/2011 - 1
01/09/2011 - 0
01/10/2011 - 0

The variable returned by this function looks like:

01/01/2011 - 0
01/02/2011 - 1
01/03/2011 - 1
01/04/2011 - 1
01/05/2011 - 1
01/07/2011 - 1
01/08/2011 - 1
01/09/2011 - 0
01/10/2011 - 0

Example of usage:

If you are working with a history of dividend payments database, you can use this function to return "true" on bars that are between the first and last dividend payments.
How to download the history of dividend payments for stocks in the US market

The function name is "BetweenFirstLast" and here is how it can be applied to the dividend database presented in the above link:

a = GetData("dividend","dividend",Zero);
b = BetweenFirstLast(a);



The black signals are the dividend payments.
The red line is the time-series returned by the "BetweenFirstLast" function.

Please note that this indicator references future bars.


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Additional Information




Type: Trading Indicator

Object ID: 1139


Country:
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Market: All

Style:
Technical Analysis

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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.