Abbreviation:
Category: Trading Strategy: Information
Input Parameters:
| Name | Range | Default |
| Trading Strategy | ||
| # Postions Ago | Int >= 0 | 0 |
Calculation:
For the current position (# positions ago = 0), the value of is 1 if the current position is long, 0 if no position exists, and -1 if the current position is short. For previous positions (# positions ago >= 1), the value of is 1 if the position was long and -1 if the position was short.
Discussion:
Indicates whether previous positions were long or short. Very useful when creating custom entry signals, trailing stops, and exit signals for a trading strategy.