Closes above/below an MA in the last 'X' amount of bars

nolube · **Joined:** Wed Jul 18, 2012 11:06 pm **Posts:** 78

Need some guidance here, I'm looking to play around with an indicator that judges strength in a more sideways or turning market. The idea being that once more closes start to happen above an MA, then the pair is strengthening. For example, as a filter for a long trade: More than half of the closes in the last 24 bars must be > 10 SMA.

I just made those numbers up as I obviously haven't tested them yet, but hopefully you get the point. Any help as to how to go about this would be much appreciated.

Cheers

molanisfx · **Joined:** Tue Dec 22, 2009 12:22 am **Posts:** 1761

You cannot build that with the indicator builder - there is no way to tell it "More than half of the closes in the last 24 bars must be > 10 SMA". You can tell it if the current bar (or any bar) is > (or<) 10 sma

nolube · **Joined:** Wed Jul 18, 2012 11:06 pm **Posts:** 78

Okie dokie, thanks for your reply..

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Closes above/below an MA in the last 'X' amount of bars