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Started:February 8th, 2015 (10:22 AM) by chartman123 Views / Replies:266 / 1
Last Reply:February 8th, 2015 (10:22 AM) Attachments:0

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Old February 8th, 2015, 10:22 AM   #1 (permalink)
Trading Apprentice
Knoxville, TN USA
Futures Experience: Master
Platform: TradeStation
Favorite Futures: Stocks
Posts: 1 since Feb 2015
Thanks: 0 given, 0 received


I want to create an indicator that tells me how recently a stock is making new highs (or lows) with a plot showing me when the direction has changed.

If I use a 20 bar lookback, I want it to look something like this for Highs:
(Num Periods - Num Periods since Highest High / Num Periods) x 100

Similar for Lows:
(Num Periods - Num Periods since Lowest Low / Num Periods) x 100

Then I want to plot the 2 indicators with an alert when they cross over each other.

Thanks if anyone can help with this.

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Old February 8th, 2015, 10:22 AM   #2 (permalink)
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