Velocity

Velocity (post #473030)

chartman123 · 2015-02-08T10:22:30-05:00

I want to create an indicator that tells me how recently a stock is making new highs (or lows) with a plot showing me when the direction has changed. If I use a 20 bar lookback, I want it to look something like this for Highs: (Num Periods - Num Periods since Highest High / Num Periods) x 100 Similar for Lows: (Num Periods - Num Periods since Lowest Low / Num Periods) x 100 Then I want to plot the 2 indicators with an alert when they cross over each other. Thanks if anyone can help with this. :)

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Updated February 8, 2015

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Velocity

February 8th, 2015, 11:22 AM	#1 (permalink)
chartman123 Knoxville, TN USA Posts: 1 since Feb 2015 Thanks Given: 0 Thanks Received: 0	I want to create an indicator that tells me how recently a stock is making new highs (or lows) with a plot showing me when the direction has changed. If I use a 20 bar lookback, I want it to look something like this for Highs: (Num Periods - Num Periods since Highest High / Num Periods) x 100 Similar for Lows: (Num Periods - Num Periods since Lowest Low / Num Periods) x 100 Then I want to plot the 2 indicators with an alert when they cross over each other. Thanks if anyone can help with this.