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Peter,
I am fairly certain, though I have not reopened the code to actually
confirm it as of this moment, that the rule is a low less than or equal to
the previous low and less than the subsequent low.
That would make the second 303.09 be a swing low with a strength of one.
Samuel
At 05:59 PM 05/21/99 , you wrote:
>I thought I knew how to define a SwingLow, but now I am not sure. The TS
>manual says "a swing low occurs when the low of a bar is less than the low
>on the preceeding bar(s), and at least as low as the low on the bar(s) that
>follow it."
>
>Consider the following low prices for four consecutive bars:
>
>#1 297.84
>#2 303.09
>#3 303.09
>#4 303.59
>
>A system I wrote seems to think that there is a SwingLow at 303.09,
>although obviously none of these bars has a low that is "less than the low
>on the preceeding bar."
>
>Am I missing something here?
>
>Peter W. Aan
>
>"The power to destroy a planet is insignificant when compared to the power
>of the trend."
>--Darth Trader
>
Samuel K. Tennis Vista Research
129 Staff Drive voice: 1(850) 243-5105
Ft. Walton Beach, FL 32548 fax: 1(850) 301-2884
<MailTo:skt@xxxxxxxxxxxxxxxxxx> <http://www.vista-research.com/>
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