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Gosh, is this as difficult as my limited EL abilities think it is...?
Cheers,
Ian
> Hi All,
> I was wondering if someone a bit more versed in El than me
> could help with this.
>
> I'm trying to define a swing point, let's say a high, but it's not
> like a "standard" high that has a lower high on either side, I'd like
> to define a Swing high like this:
>
> A bar makes a higher high. The next bar can have the same high or a
> lower high but not, of course, a higher high. Then take the lowest
> low of these two bars. Now, in order to actually qualify that first
> bar as a swing high, we need a bar that *closes* lower than either of
> the first two bars.
>
> The minimum number of bars required to define a high is, therefore,
> three. However, theoretically, there's no limit to the maximum number
> of bars although in practise it's never reached the limit (:-).
>
> Having defined a swing high, we then look for a swing low which is
> defined in exactly the same way but, er, the other way around. You
> cannot have two SHs or two SLs in a row, the order must be SH, SL,
> SH, SL, etc.
>
> Well, I thought it was easy until I tried programming it...! But I'm
> sure I'm just missing one step of logic somewhere or other.
>
> I've be everso grateful if anyone could help out.
>
> Thanks.
>
> Cheers,
> Ian
>
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