[EquisMetaStock Group] exhaustion

["vinst1" <vinst1@xxxxxxxxx>]

hello,

i fished out an old post which had the following scan for spotting 
exhaustion :

exhaustion gap up----sell--:-
When(C,<=,LLV(C,8)) AND Alert(When(O,>,Ref(H,-1) ) AND Alert( When
(C,=, HHV(C ,15 )),3),18)

I could not understand it. To me, it seems to say that alert is 
issued when last close is the highest in past 15 days, and today's 
open is above yesterday's high. What confused me is the following 
part : C,<=,LLV(C,8) which means close should be >= lowest close in 
past 8 days.

is my interpretation correct?

Is there a beter way of spotting exhaustion?

regards,
vin





 
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