Analysis Techniques & Strategies

$image\insert_paintbar.gif$ % Increase (PaintBar)

$image\percent_increase_pb.gif$

Input Information

Name	Expression	Default	Description
Price	Numeric	Close	Price evaluated for a percent increase.
Length	Numeric	14	Number of bars ago to compare percent increase.
PctUp	Numeric	2	Minimum percentage increase required.

Description

By default, the Percent Increase PaintBar study paints the bar if there has been a 2% or more increase 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 increase (PctUp).

Note 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 increase of the magnitude specified).

Related Functions

RateOfChange