New High LE (Strategy)Analysis Techniques & Strategies
New High LE (Strategy)| Name | Type | Default | Description |
| PeriodType | Numeric | 1 | Used to indicate the time period to use to evaluate a new high. |
Long entry based on a new high for the specified time period
This strategy checks for a new high value of the specified time period (PeriodType). A long entry order is generated for the next bar at one point above the highest high of the current period. PeriodType can be replaced with any of the following values:
| HiPeriod | Time frame |
| 2 | Daily |
| 3 | Weekly |
| 4 | Monthly |
| 5 | Yearly |
| below 2 or above 5 | Entire chart |
For PeriodType values of 2-5, each new time period (new day, new week, and so on) occurs, the highest value will be reset to the first high of the new time period.
Order Name: NewHi
Related Strategy: New Low SE
Related Function(s): None
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