Analysis Techniques & Strategies

New High LE (Strategy)

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Input Information

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