Count Down Days - Trading Software

Count Down Days

Dave W.
2013-11-12 22:23:17

I'd like to setup a buy condition based on a count of the number of down days. For example, I'd like to say, "buy if 3 out of the last 5 days has a lower close".

I thought I could do this with the count() function, but I can't seem to get it to work. Is there an easy way to achieve what I'm trying to do?

Thanks.

Dave W.
2013-11-12 22:41:12

I may have answered my own question. Is this the correct way to count the number of down bars over the last 5 bars?

DownBarsCount = SumIf(close < ref(close,1),1, 5);

QuantShare
2013-11-13 19:21:41

Best Answer

Yes, correct.

Or you can use:

DownBarsCount = sum(close < close[1], 5);

To check if something is correct or not, the easier way is to plot it on a chart to get a visual confirmation.

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