Abbreviation: BB Low Breakout
Category: Crossover & Breakout Identification
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| Periods | Int >= 2 | 20 |
| StndDev Multiplier | Real > 0.0 | 2 |
Calculation:
If (X < Y) and (most recent previous period where X did not equal Y, X was greater than Y) then 1
Otherwise 0
where
X = Time Series
Y = BBLow(Time Series, Periods, StndDev Multiplier)
BBLow represents Bollinger Band: Low
Discussion:
Indicates the period when a Time Series has just broken out below its Bollinger Band Low Channel.