Registered User
Joined: 12/17/2006
Posts: 69
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Hello,
I'm trying to create a strategy that utilizes only the SPX to determine the current swing. Basically, the idea is to look for the lowest low of the SPX over a 10 day period. A 10-day low happens when the closing price of a certain day is lower than the close of the last 10 days. A 10-day high happens when the close is higher than the close of the last 10 days.
How would I create something like this in Telechart? It's not really a scan in the purest sense - but I want to use it as a swing indicator for my other trades.
Thoughts appreciated!
Best,
Damian
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Registered User
Joined: 1/28/2005
Posts: 6,049
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10 day low:
MINL10
10 day high:
MAXH10
(you can plot these or create a percent
true indicator)
L<MINL10.1
(new low today)
H>MAXH10.1
(new high today)
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Thanks
diceman
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Registered User
Joined: 12/17/2006
Posts: 69
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That's great - thanks for the info and the pointers to the videos - very helpful.
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