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Alert for low of bar at same level as 3 other lows in previous 40 bars

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  • Alert for low of bar at same level as 3 other lows in previous 40 bars

    I would like to have an Alert by the usual email / sound / pop up when 4 bars in the last 40 all have the 'same' low. More specifically, the Alert would trigger when a bar is fully formed that has the same low (+/- 0.01%) as any 3 other bars within the past 40 bars.

    I would also like a similar Alert for highs. An indicator on the chart showing the bar that triggered the Alert would be useful but not essential. The purpose is to identify the early stages in the development of a possible false breakout consolidation pattern with one flat side.

    Does anyone know if an .efs study has been written for this? I have tried several searches without success. If not, who could write this .efs for me?

    Thank you.

  • #2
    Here are some resources:

    http://forum.esignal.com/showthread....om-study-built
    http://www.esignal.com/partners/studies/default.asp

    Wayne

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