Abbreviation: InactivityPnts
Category: Trading Strategy: Exit Signals
Input Parameters:
| Name | Range | Default |
| Trading Strategy | ||
| Minimum Point Change | Real >= 0 | 5 |
| Bars | Int >= 0 | 20 |
Calculation:
If the price over the specified number of Bars does not advance more than the Minimum Point Change then
= True (1)
else
= False (0)
For a long position the price advancement is calculated as (highest high since lowest low ‘ lowest low)
For a short position, the price advancement is calculated as (highest high ‘ lowest low since highest high)
Discussion:
Indicates when price does not advance more than a specified amount over a specified number of price bars. Very useful as an exit signal for a trading strategy.