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It is used to define what a "peak" is. Price is constantly moving up and down. The change parameter draws a line in the sand that says that price must rise *at least* "change" percent above the last valley before we're willing to treat it as a new peak.
Be careful with this indicator. It looks into the future. This indicator cannot be used in a backtest without adding a delay to prevent acting on price data that hasn't happened yet.
Mike
--- In amibroker@xxxxxxxxxxxxxxx, "lucianomt" <lucianomt@xxx> wrote:
>
> What exactly is the second parameter in Peakbars? The manual says Change, but how exactly does that work?
>
> SYNTAX peakbars(ARRAY, change, n = 1)
>
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