New Low SE (Strategy)Analysis Techniques & Strategies
New Low SE (Strategy)| Name | Type | Default | Description |
| PeriodType | Numeric | 1 | Used to indicate the time period to use to evaluate a new low. |
Short entry based on a new low for the specified time period
This strategy checks for a new low value of the specified time period (PeriodType). A short entry order is generated for the next bar at one point below the lowest low 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 lowest value will be reset to the first low of the new time period.
Order Name: NewLo
Related Strategy: New High LE
Related Function(s): None
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