Analysis Techniques & Strategies

$image\insert_showme.gif$ Brkout of X Bar Low (ShowMe)

$image\breakout_of_x_bar_low_sm.gif$

Input Information

Name	Expression	Default	Description
Length	Numeric	14	The number of bars used to calculate the lowest Low.

Description

Brkout of X Bar Low marks the low of any bar whose Low is lower than the Low of any of the previous bars referenced by the study. The Length input specifies the number of bars considered by the study.

Brkout of X Bar Low is most useful in trending markets and can indicate downward trending markets. Several bars marked consecutively could be an indication of a decline in price suggesting a possible breakout pattern. However, several bars marked consecutively may also indicate a trend is bottoming out and a reversal is imminent.

Related Functions

Lowest