LowestBar (Function)
DisclaimerThe LowestBar function returns the number of bars ago the lowest price occurred. There may be times when two or more bars have exactly the same lowest value; when this happens the function identifies the most recent occurrence.
Syntax
LowestBar(Price, Length)
Returns (Integer)
The number of bars ago the lowest Price occurred.
Parameters
|
Name |
Type |
Description |
|
Price |
Numeric |
Specifies which bar value (price, function, or formula) to evaluate. |
|
Length |
Numeric |
Sets the number of bars to consider. |
Remarks
The input parameter Price can be a bar value such as Close, High, Low, Open, or Volume. It can also be any mathematical calculation such as: ( High + Low) / 2, or a numeric function such as RSI, Stochastic, or ADX.
Example
The following assigns the number of bars ago the lowest value of the last 14 bars occurred to Value1:
Value1 = LowestBar(Low, 14);