BarsSince Nth event for Metastock
counts bars since Nth event (last event, 2nd last, etc), with multiple output choices
By Jose Silva at MetastockTools.com
Indicator / Formula
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MetaStock -> Tools -> Indicator Builder -> New -> Copy and paste complete formula
{ ©Copyright 2005 Jose Silva }
{ For personal use only }
{ http://www.metastocktools.com }
{ User inputs }
NthEvent:=Input("BarsSince Nth event (1=last, 2=2nd last, etc)",1,1000,2);
plot:=Input("plot: [1]BarsSince Nth event, [2]Event signals",1,2,1);
{ Event peak example }
signal:=PeakBars(1,L,.01)=0;
{ Count events backwards }
count:=LastValue(Cum(signal))-Cum(signal)+1;
{ BarsSince Nth event }
BarsSinceNth:=
HighestSinceBars(NthEvent+1,signal,count)-1;
{ Plot in own window }
If(plot=1,BarsSinceNth,signal)0 comments
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