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BarsSince Nth event for Metastock
martin3
about 9 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

Copy & Paste Friendly

MetaStock -> Tools -> Indicator Builder -> New -> Copy and paste complete formula

{ ┬ęCopyright 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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