lowest_bars_ago

Parameters

Lowest Bars Ago - lowest_bars_ago(source, period)

Returns bars ago when lowest value occurred in lookback window.

• source (field): Data series
• period (int): Lookback period

Formula

Returns offset of minimum value:
  0 = lowest at current bar
  N = lowest N bars ago

Examples

// lowest close right now (fresh 20-bar low)
lowest_bars_ago(close, 20) == 0;

// lowest occurred more than 10 bars ago (recovering)
lowest_bars_ago(low, 50) > 10;

// lowest within last 5 bars (recent weakness)
lowest_bars_ago(close, 20) < 5;

Returns

Non-negative integer (0 to period-1)

See Also