MetaStock Trough Bars Ago Function

by David Jenyns on July 11, 2007

MetaStock Trough Bars Ago Function
The Trough Bars Ago function returns the number of bars that have passed since a specified trough occurred. This function is based on the Trough function. Technically speaking, a trough is the lowest point reached between a short term down trend and a short term up trend. The identification of a trough using this function however, is based on the selected data array moving up a set percentage from its most recent low. SYNTAX TroughBars(Nth, Data Array, Minimum Change) Nth _ The number of the trough you wish to use as the reference point when counting how many bars have passed since then. For example, N = 1 would count the number of bars back to the most recent trough in the data array, and N = 2 would count the number of bars back to the second most recent trough.

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