The Low function in ProBuilder language is used to retrieve the lowest price of the current bar or the lowest price from a specified number of previous bars in a trading chart. This function is crucial for analyzing market trends, particularly in identifying potential support levels or the lowest price points during a given period.
Low[N]
Where N is the number of bars to look back. If N is omitted, the function returns the low of the current bar.
myLow = Low[10]
This example assigns the lowest price from the last 10 bars to the variable myLow.
Low without any index.This function is particularly useful for traders and analysts looking to understand price movements and identify potential buying or selling points based on historical lows.