I translated WL6.9's "Price decreases a consecutive numbers of bars" (close / 4 bars / lookback period 1) to

WL7's "Indicator new High/Low" (Indicator Close / at New Low / bar range 2) &

"For N Consecutive Bars" (4 bars).

Is that correct?

But I have no idea how to translate WL6.9's "Price is lower by X% than it was a number of bars ago"?

Best regards

Werner

You could use the ConsecDown indicator, which counts the consecutive number of times a TimeSeries was down a certain number of bars ago.

To capture percentage change a number of bars ago, use the ROC (Rate of Change) indicator.

To capture percentage change a number of bars ago, use the ROC (Rate of Change) indicator.

QUOTE:

But I have no idea how to translate WL6.9's "Price is lower by X% than it was a number of bars ago"?

If you haven't seen "Sticky Posts" nearby "Ask a question", please find your question answered there (post #2):

Hope it helps answer other "parts". However, rather than group questions in "parts" it'd be more preferable to break them into separate topics and summarize the question in topic title like:

WAS: Changing Rules from WL6.9 to WL7 (Part A)

IS: How to translate "Price is lower by X%..." to Blocks?

OK, thanks for the advice. I will try to choose more appropriate titles for my questions in the future.

Glitch: Thanks. But how would I implement the "ConsecDown" Parameter. Do I use "Indicator compare to value"? And to what value should I compare it? I am confused regarding this parameter.

Kind regards

Werner

Kind regards

Werner

Why not give the referred post a try?

https://wl6.wealth-lab.com/Forum/Posts/Rules-WL6-gt-Building-Blocks-WL7-40617/

https://wl6.wealth-lab.com/Forum/Posts/Rules-WL6-gt-Building-Blocks-WL7-40617/

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