LowW (Function)
DisclaimerThe LowWseries function allows you to reference the weekly Low of a previous week in an intraday chart (minute
Usage
LowW(PeriodsAgo)
Returns (Double)
The weekly Low price from num weeks ago. If there is not enough data, the function will return –1.
Parameters
|
Name |
Type |
Description |
|
PeriodsAgo |
NumericSimple |
The number of weeks back to reference a previous week’s Low price. (0 = This week’s current Low) |
Remarks
You must have enough intraday data in the chart in order to look back and reference any previous weekly low. For example, if you want to look back at the low of 15 weeks ago on a 30-minute chart, you must have at least 16 full weeks of 30-minute bars in the chart.
The value for the PeriodsAgo input parameter should always be a positive whole number greater than or equal to 0. Setting PeriodsAgo to 0 returns this week’s current Low.
Example
In order to place a buy limit order at the Low of the previous week you would write:
Buy Next Bar at LowW(1) Limit;