- ago
Hello,

in a workshop about WealthLab 7 I learned that the "NegativeCloses"-Indicator compares the Close of the current bar to the Open of the current bar, while the "ConsecutiveDowns"-Indicator compares the Close of the current bar to the Close of the previous bar.

However, when checking out the charts, it seems that also the "NegativeCloses"-Indicator does compare the Close of the current bar to the Close of the previous bar!

Also, this explanation (Wealth Lab 6) hints that:
https://www2.wealth-lab.com/wl5wiki/NegativeCloses.ashx

So my question is: What is the difference between "NegativeCloses" and "ConsecutiveDowns"?

Thanks for your help!
Werner
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- ago
#1
Hello Werner,

The NegativeCloses does not compare Close to Open. What it does is sum up the values of a timeseries (like the Close) if they decline consecutively. Internally, NegativeCloses is based on ConsecDown. As you can see from its parameters only one series is accepted.
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- ago
#2
OK, thanks
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