- Topics: 70
- Replies: 790
- Posts: 860
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):