Coding issue – indicator has been under a certain value a certain days in a row

• 08/22/2017 at 10:12 PM #44397
  Christian

  Hello.

  I have problems to find and write the correct function in my new indicator. I want it to give me a signal when an indicator has been under a certain value a certain days in a row.
  
  For example:
  When RSI[4] has been < 20 the last four days. Is this possible to do? I would be very glad if there is someone here that could help me.

  Thanks a lot!

  /Christian

   

  

  Christian

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  08/23/2017 at 2:18 AM #44400
  Wing

  If you are using for example the daily timeframe:

  MyInd=rsi[4](close) if MyInd[0]<20 and MyInd[1]<20 and MyInd[2]<20 and MyInd[3]<20 then .... endif

  1 2 3 4 5

  MyInd=rsi[4](close)   if MyInd[0]<20 and MyInd[1]<20 and MyInd[2]<20 and MyInd[3]<20 then .... endif

   

  

  Wing

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  08/23/2017 at 7:30 AM #44402
  robertogozzi

  I suggest a different approach:

  MyInd=rsi[4](close) if summation[10](MyInd < 20) = 10 then .... endif

  1 2 3 4 5

  MyInd=rsi[4](close) if summation[10](MyInd < 20) = 10 then .... endif

  In this case 10 periods are scanned and tested if they are consecutive (10 periods aginst constant 10).

  

  robertogozzi

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