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Date/Time: Mon, 20 May 2024 18:37:49 +0000

Post From: Does SC have a one time framing up and one time framing down indicator?

[2020-11-17 18:10:17] Link To Thread - Link To Post [Go To First Post]
SC Support Tom - Posts: 450
I am coming from a math background, not a trading background, so before I continue I want to get confirmation on my understanding of "uptrend" and "downtrend". I have read verbal definitions of these things, but I need a precise mathematical definition. The verbal definitions that I found say that an uptrend is characterized by higher peaks and troughs, and that a downtrend is characterized by lower peaks and troughs. I am assuming that "peak" means "high price" and "trough" means "low price". So if I include an Input called Length (denoted as n), then an uptrend is defined by: H[1] < H and L[1] < L H[2] < H[1] and L[2] < L[1] . . . H[n] < H[n - 1] and L[n] < L[n - 1] And a downtrend is defined similarly, but with the inequality signs reversed. Is that accurate? Date Time Of Last Edit: 2020-11-17 18:10:29