loss
Negative price change (loss)
loss(source)
Parameters
| Name | Type | Description |
|---|---|---|
source |
field | Data series to measure (typically close) |
Formula
loss = ABS(LEAST(source - source[1], 0))Examples
// stock declined today
loss(close) > 0;// lost more than $2 today
loss(close) > 2;// total losses over last 14 days
sum(loss(close), 14) > 10;// today was a down day (loss exceeded gain)
loss(close) > gain(close);Returns
float
Notes
Always non-negative; returns 0 on the first bar and on any bar where price doesn't fall. Pair with sum() or wilderma() to aggregate losses over time.