% Decrease (PaintBar)Analysis Techniques & Strategies
% Decrease (PaintBar)
| Name | Expression | Default | Description |
| Price | Numeric | Close | Price evaluated for a percent decrease. |
| Length | Numeric | 14 | Number of bars ago to compare percent decrease. |
| PctDn | Numeric | -2 | Minimum percentage decrease required. |
By default, the Percent Decrease PaintBar study paints the bar if there has been a 2% or more decrease in price between the closing price of the current bar and the closing price 14 bars ago. You can specify the price to compare (Price), the bar to which to compare it (Length) and the minimum percentage decrease (PctDn).
This PaintBar study contains alert criteria; when you enable the alert, an alert is triggered each time a bar is painted (there has been a percent decrease of the magnitude specified).
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