Analysis Techniques & Strategies

$image\insert_showme.gif$ Consecutive Downs (ShowMe)

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Input Information

Name	Expression	Default	Description
Price	Numeric	Close	The price value to consider.
BarsDown	Numeric	3	The number of consecutive bars the price value must fall.

Description

Consecutive Downs marks the low of any bar when the indicated Price of each bar referenced by the study is consecutively lower than the Price of previous BarsDown number of bars.

Consecutive Downs assists in identifying declining markets or markets that are declining in value. By editing the Price input to include ADX, RSI, or any input that returns a numeric expression, this study can identify a declining market by evaluating specific market conditions.

Related Functions

None.