NthLowest (Function)
The NthLowest function will return the lowest, second lowest, third lowest (and so on) price over a specified number of bars.
Syntax
NthLowest(N, Price, Length)
Returns (Double)
A numeric value containing the āNāth lowest occurrence of Price over the last Length bars..
Parameters
|
Name |
Type |
Description |
|
N |
Numeric |
The occurrence to return. 1 = lowest, 2 = 2nd lowest, and so on. |
|
Price |
Numeric |
Specifies which bar value (price, function, or formula) to compare for the lowest occurrence. |
|
Length |
Numeric |
The number of trailing bars to consider. |
Remarks
Just like the Lowest function, NthLowest has the inputs Price and Length. It also has the input N that allows you to specify if it is the second, third, and so on lowest value desired.
The Length input in the NthLowest function can only be replaced with a value equal to or less than 100. The value for N should not be greater than the value for the input Length..
Example
Returns the value of the 3rd lowest Close that occurred during the past 30 bars.
Value1 = NthLowest(3, Close, 30);