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BarsSince Nth event for Metastock
martin3
over 14 years ago
Metastock

Rating:
0 / 5 (Votes 0)
Tags:
metastock

counts bars since Nth event (last event, 2nd last, etc), with multiple output choices

By Jose Silva at MetastockTools.com

Indicator / Formula

BarsSince
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{ ©Copyright 2005 Jose Silva }
{ For personal use only }
{ http://www.metastocktools.com }
 
{ User inputs }
NthEvent:=Input("BarsSince Nth event  (1=last, 2=2nd last, etc)",1,1000,2);
plot:=Input("plot:  [1]BarsSince Nth event,  [2]Event signals",1,2,1);
 
{ Event peak example }
signal:=PeakBars(1,L,.01)=0;
 
{ Count events backwards }
count:=LastValue(Cum(signal))-Cum(signal)+1;
 
{ BarsSince Nth event }
BarsSinceNth:=
 HighestSinceBars(NthEvent+1,signal,count)-1;
 
{ Plot in own window }
If(plot=1,BarsSinceNth,signal)

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