Consecutive Downs SE (Strategy)Analysis Techniques & Strategies
Consecutive Downs SE (Strategy)| Name | Type | Default | Description |
| Price | Numeric | Close | Price value to consider. |
| ConsecutiveDowns | Numberic | 3 | Number of consecutive closes required to generate an order. |
Short entry based on a number of consecutive closes lower than the previous.
This strategy counts the number of occurrences where Price (Close) is less than the previous Price. If the condition is true over the last ConsecutiveDowns (Input) number of bars, a short entry will be generated for the next bar.
Order Name: ConsDnSE
Related Strategy: Consecutive Ups LE
Related Function(s): CountIf
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