Reply To: Twitter Charts 2

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#68207
Darren
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5 Consecutive Down Weeks: https://twitter.com/Optuma/status/1523622055534419968

The Days Down DD() function counts the consecutive bars a value (the close by default) has been lower (Days Up DU() does the opposite).

On a weekly timeframe DD()==5 will signal when there have been 5 consecutive weekly lower closes, which was used in the signal test.

For 5 consecutive lower highs use DD(HIGH())==5

The Days Down tool can be used on a chart (currently 6 weeks for the SPX):

Capture

 

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