Finds the specified Swing-Low bar occurrence location.  An example below shows the use of the common auto indexed series.  For information on using functions with non auto indexed series review Series Functions.

 

Syntax:

iBarIndex = SwingLowBar( series, [occurrence], [forwardStrengthBars], [backwardStrengthBars], [lookbackBars], [offsetBars]

 

Parameter:

Description:

series

Name of data series to use for finding a Swing-Low bar.

occurrence

Swing-Low occurrence to locate.

 

Default is to enter 1 for the most recent Swing-Low location.  First occurrence of a Swing-Low return value is the count of bars back from the current bar's location.

 

A value of 2 will locate the second occurrence back, etc.

forwardStrengthBars

Value entered determines how many bars forward to check to determine if a Swing-Low occurred.  Default value is to check 1 bar.

 

If all forwardStrengthBars are higher than the bar, then the Swing-Low occurred.

 

If any are equal, then the Swing-Low did not occur.

 

Flat bottoms are ignored.

backwardStrengthBars

Number of bars backward to check for a given bar to determine if a Swing-Low occurred.

 

Default is to check forwardStrengthBars number of bars.

 

If all backwardStrengthBars are higher than the bar, then the swing occurred.

 

If any are equal, then the swing did not occur. Flat bottoms are ignored.

lookbackBars

Number of bars to offset before searching the data.

 

Default is 0 to start the search using the current bar.

offset

Number of bars back from the offset value to start-value to search for a Swing-Low bar.

 

Example:

'  Check the last 500 bars.
'  Find the 2nd Swing-Low occurrence back
'  where the 4 bars after and the 5 bars
'  prior to the current bar.
swingBar = SwingLowBar( instrument.low, 2, 4, 5, 500 )
 
'  Print the date of the swing bar.
PRINT instrument.date[ swingBar ]

 
'  This example shows the use of the
'  common auto indexed series.
'
'  For information on using functions
'  with non auto indexed series review Series Functions.

Returns:

Value returns a positive bar integer number when found, or a -1 when a Swing-Low is not found.

 

The positive number represent the bar count back from the offset starting index of the swing bar.  Current bar is number zero.

 

Links:

SwingHigh, SwingHighBars, SwingLow

See Also:

Series Functions

 


Edit Time: 9/25/2017 09:09:58 AM


Topic ID#: 598

 

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