Abbreviation: LinWgtAvg Envelope Low Breakout
Category: Crossover & Breakout Identification
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| LinWgtAvg Periods | Int >= 1 | 5 |
| Envelope Fraction | Real > 0.0 | 0.25 |
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 = LinWgtAvg Envelope Low(Time Series, LinWgtAvg Periods, Envelope Fraction)
LinWgtAvg Envelope Low represents Linearly Weighted: LinWgtAvg Envelope Low
Discussion:
Indicates the period when a Time Series has just broken out below its Linearly Weighted Moving Average Envelope Low.