ConsecDaysDown, ConsecDaysUp: Indicator Documentation
Syntax
Starting from version 2013.01:
DataSeries ConsecDaysDown( DataSeries ds, double pct );
DataSeries ConsecDaysUp( DataSeries ds, double pct );
Parameter Description
| bars |
A Bars object |
| ds |
DataSeries that has declined/increased |
| pct |
Percentage decline/increase |
Description
These indicators, developed by Dion Kurczek, display the number of consecutive days where prices declined (or rose) by a specified percentage or more.
Example
This example illustrates how to create a simple trading system that buys after the closing price has declined 5% or more for 2 days in a row, and shorts when the closing price has increased 5% or more for 2 days in a row. It exits after 5 days in a position at open next bar.
using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;
using Community.Indicators;
namespace WealthLab.Strategies
{
public class ConsecDaysDemo : WealthScript
{
protected override void Execute()
{
ConsecDaysDown cdd = ConsecDaysDown.Series( Close, 5 );
ConsecDaysUp cdu = ConsecDaysUp.Series( Close, 5 );
ChartPane mPane = CreatePane( 20, true, true );
PlotSeries( mPane, cdd, Color.Red, LineStyle.Histogram, 10 );
PlotSeries( mPane, cdu, Color.Blue, LineStyle.Histogram, 10 );
for(int bar = 1; bar < Bars.Count; bar++)
{
if (IsLastPositionActive)
{
Position p = LastPosition;
if ( bar+1 - p.EntryBar >= 5 )
ExitAtMarket( bar+1, p, "Timed" );
}
else
{
if( cdu[bar] >= 2 )
ShortAtMarket( bar+1 );
if( cdd[bar] >= 2 )
BuyAtMarket( bar+1 );
}
}
}
}
}