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I understand basic coding, however, this one has me stumped, as I cant figure out the logic of what it is saying. Would appreciate a plain English translation if anyone knows.
private int period = 5
dataseries.set = (MAX(High, period)[0] - MIN(Low, period)[0])
starting from the inside out...
1st (high of the last 5 periods) - (minimum of the last 5 periods)
2nd what does MAX mean here? If you subtract two values, isnt that the max already?
What am I missing?
Thanks.
Can you help answer these questions from other members on NexusFi?
In plain english "Set dataseries to the Highest High of the last 5 bars, as of this current bar, minus the Lowest Low of the last 5 bars, as of this current bar"
MAX() means highest value.
MAX(High, period)[0] means MAX High (High as in OHLC, open high low close), period meaning 5 bars, [0] meaning current bar. MAX(High, period)[1] would mean as of 1 bar ago for example. MAX(High) in trading means "Highest High". But you could also do MAX(Open, period)[0] for example to mean highest Open.
