Would you please help me with a PCF for the following:

Assuming the year is 252 trading days long:

price made a new 52 week intraday low yesterday OR  price made a new 52 week intraday low today

Thank you!

If we just look at the most recent 252 bars.

MINL2 < MINL250.2

If we look at the most recent 252 bars at the time of the bar.

L < MINL251.1 OR L1 < MINL251.2

Thank you Bruce.  How are these two different in their meaning?

MINL1 < MINL250.2

MINL2 < MINL250.2

Using symbol UA as an example, if I use the first one I get a custom % true indicator on 11/6/17.  But if I use the second one I get an indicator on 11/7/17.  I don't understand 11/7/17 indicator since 11/6/17 had a lower intraday 52 week low?

MINL1 < MINL250.2 is the same as L < MINL250.2 and isn't checking L1 at all.

The second one returns true for 11/7/17 since it is checking for either today or yesterday to have made a new 52 week intraday low (in this case, yesterday - 11/6/17 made the low).

"price made a new 52 week intraday low yesterday OR price made a new 52 week intraday low today "

Thank you Bruce.  Is there a way to tweak these two pcfs so that they do not pick up 11/7/17 with with my custom % true indicator?

MINL2 < MINL250.2

You can just not check for yesterday. That is what is causing it to appear.

L < MINL251.1

But I don't understand the yesterday reference at all if this is what you actually want.

Thank you Bruce.  Now I see what I was missing.  The first two PCFs you provided are what I was looking for.  Although I still don't quite undersatnd the difference between the two.  

If we just look at the most recent 252 bars.

MINL2 < MINL250.2

If we look at the most recent 252 bars at the time of the bar.

L < MINL251.1 OR L1 < MINL251.2

Based on our assumptions, the current year is MINL252 and runs from bar 0 to bar 251.

MINL2 < MINL250.2

Compares the two most recent bars to the previous 250 bars. So both parts added together cover the 252 bar span running from bar 0 to bar 251.

So this formulas says, OK looking at the most recent year ending today, is the lower of the two most recent bars, lower than the rest of the year?

Now let's looking at the second formulas parts separately.

L < MINL251.1 covers the 252 bar span running from bar 0 to bar 251.

So this says, looking at the most recent year ending today, is the most recent bar lower than the rest of the year?

L1 < MINL252.2 covers the 252 bar span running from bar 1 to bar 252.

And this says, looking at the year ending yesterday, is the yesterday lower than the rest of the year?

When combined into L < MINL251.1 OR L1 < MINL251.2 we are asking if either of those two questions is true. So each portions covers a span of 252 bars, but the entire formula covers a span of 253 bars.

Now it makes sense.  Thank you so much for the thorough explanation Bruce.  I very much appreciate it!

Happy Holidays to you and thanks again for all of your help!

You're welcome. Happy Holidays!