Standard method to determine indicator direction

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Mon, 03/06/2017 - 15:01
#1
John Moss
Last seen: 7 years 6 months ago
Joined: 12/22/2016 - 16:37
Standard method to determine indicator direction

Forgive me I know this is buried in the videos and possibly in this forum as well, but the standard method to determine direction of an indicator is to compare a current bar with the previous, correct? If so, I assume this is the standard method for all?

Example:
I want to write up a volume trending up condition. What is the RTL expression to flag volume is moving up from the previous bar?

Another is If VOL (current bar) < 3000 (from previous bar) SELL ......

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Mon, 03/06/2017 - 15:27
cpayne
Last seen: 1 year 7 months ago
Joined: 03/30/2009 - 00:00
Volume Rising

Volume greater than previous bar would just be:

VO > VO.1

you just append .1 to a token to get previous value.  VO.2 is the volume 2 bars back.  To find when volume rose 2 straight bars...

VO > VO.1 AND VO.1 > VO.2

Volume rising after falling...

VO > VO.1 AND VO.1 < VO.2

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