falling
Falling trend detection (consecutively decreasing values)
falling(source, length)
Parameters
| Name | Type | Description |
|---|---|---|
source |
field | Data series |
length |
int | Number of consecutive decreases required |
Formula
falling = source[0] < source[1] < ... < source[length]Examples
// 3 consecutive lower closes
falling(close, 3);// volume decreasing for 2 bars
falling(volume, 2);// RSI falling for 5 bars (weakening momentum)
falling(rsi(close, 14), 5);// fast EMA falling and price below slow EMA
falling(ema(close, 8), 3) and close < ema(close, 21);Returns
bool
Range
length must be 2-400