Reply To: Days since last 5% swing low

[Thomas]

Hi Darren,

Thank you very much for all your work. The script works perfectly with TIMESINCESIGNAL(LOW()==Var2).

Here is the complete script for calculating with High/Low:

// Set the swing percentage using High/Low; Var1 = PERCENTSWING(PERCENT=5.0, CALCUSINGTOOL=High/Low); // Get the swingend values; Var2 = SWINGEND(Var1); // Count trading days since last swing low; Var3 = TIMESINCESIGNAL(LOW()==Var2); Var3

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// Set the swing percentage using High/Low; Var1 = PERCENTSWING(PERCENT=5.0, CALCUSINGTOOL=High/Low);   // Get the swingend values; Var2 = SWINGEND(Var1);   // Count trading days since last swing low; Var3 = TIMESINCESIGNAL(LOW()==Var2); Var3

But there is a special issue if I change the property “Calculate Using” from “High/Low” to “Close”. The results of the script are completely wrong.

Here is the script for calculating with the Close:

// Set the swing percentage using CLOSE; Var1 = PERCENTSWING(PERCENT=5.0, CALCUSINGTOOL=Close); // Get the swingend values; Var2 = SWINGEND(Var1); // Count trading days since last swing low; Var3 = TIMESINCESIGNAL(LOW()==Var2); Var3

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// Set the swing percentage using CLOSE; Var1 = PERCENTSWING(PERCENT=5.0, CALCUSINGTOOL=Close);   // Get the swingend values; Var2 = SWINGEND(Var1);   // Count trading days since last swing low; Var3 = TIMESINCESIGNAL(LOW()==Var2); Var3

Is there something I have missed?

When I use the tool “Percent Swing Chart Overlay (PCSC)” and change the property “Calculate Using” from “High/Low” to “Close” the tool works as it should and changes the calculation from High/Low to Close.

Thanks again a lot,
Thomas

• This reply was modified 1 year ago by Thomas.