Category: Data Line Statistics Sales and Support: 022 - 4091 8900

Study Name -
Range Down Count

 
 

Description

  • Plots a line which constitutes all the bars whose values are lesser than the values of the current bar
 

Interpretation

  • Helps in understanding the difference in prices of stocks bought and sold

For eg. A slope rises when it is above 20-day SMA and falls when it is below it

 
 

Default Parameters Used/Inputs
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  • Data Line
  • Bars
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Returns/Output
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Range down count of a data line

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Formula

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RangeDownCount(X) = number of bars whose value(X) < value(X-1)
X indicates current bar which ranges from X-N to X
N indicates user specified bars

 
 
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