Syntax
public PTBar(DataSeries ds, double percent, string description)
public static PTBar Series(DataSeries ds, double percent)
Parameter Description
| ds |
Source Series |
| percent |
Specifies the percentage that ds must retrace in order to determine that a peak or trough has occurred.
|
Description
This is the
Peaks & Troughs Indicator (PTBar) as described in the November 2006 issue of
Stocks & Commodities; Siligardos' article on
Active Trend Lines.
PTBar builds a series containing bar numbers of most recent peaks/troughs, by measuring percent changes from lowest values, that is: using (100*Threshold)/(100+Threshold) when looking for peaks. This is to ensure that any two consecutive peaks (troughs) will have exactly one trough (peak) between them.
Example