Coding issue – indicator has been under a certain value a certain days in a row

Christian · 2017-08-22T21:12:03+00:00

Hello. I have problems to find and write the correct function in my new indicator. I want it to give me a signal when an indicator has been under a certain value a certain days in a row. For example: When RSI[4] has been < 20 the last four days. Is this possible to do? I would be very glad if there is someone here that could help me. Thanks a lot! /Christian

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08/22/2017 at 10:12 PM #44397 quote

Christian
Participant

New

Hello.

I have problems to find and write the correct function in my new indicator. I want it to give me a signal when an indicator has been under a certain value a certain days in a row.

For example:
When RSI[4] has been < 20 the last four days. Is this possible to do? I would be very glad if there is someone here that could help me.

Thanks a lot!

/Christian

08/23/2017 at 2:18 AM #44400 quote
Wing
Participant

Veteran
If you are using for example the daily timeframe:
```
MyInd=rsi[4](close)

if MyInd[0]<20 and MyInd[1]<20 and MyInd[2]<20 and MyInd[3]<20 then
....
endif
```
08/23/2017 at 7:30 AM #44402 quote
robertogozzi
Moderator

Legend
I suggest a different approach:
```
MyInd=rsi[4](close)
 
if summation[10](MyInd < 20) = 10 then
....
endif
```
In this case 10 periods are scanned and tested if they are consecutive (10 periods aginst constant 10).
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