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In an attempt to distinguish trends from trading-ranges I am trying to
build a formula to show what percentage of a lookback period has had
bars with highs greater than the current high.
The idea is to hold the current high (TdH) as a fixed value, and compare
each high in the lookback period against it, incrementing a counter
(HiCnt) for every higher high. The following DOES NOT WORK since the
TdH reverts to the high of the lookback bar examined. Will appreciate
any suggestions. Thanks.
Bars:=Input("Lookback Bars =",1,500,200);
TdH:=H;
HiCnt:=Sum(If(H>TdH,1,0),Bars);
(HiCnt/Bars)*100
Harvey Pearce, Victoria, B.C. Canada
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