IsDescending ( int length);
Default values:
length: 3
Description
Tests if the trend is descending by calculating the average slope coefficient of trendlines whose start points are MidBodyVal for a specified number of bars and end points are value for current bar. If the slope is negative then the trend is considered descending.
Input parameters
| Parameter | Default value | Description |
|---|---|---|
| data | - | Defines data to test for downtrend conditions. |
| length | 3 | Defines period to test for downtrend conditions. |
Example
plot DescBar = IsDescending(close, 10);
DescBar.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
This example draws points at the closing prices for all bars considered as descending in comparison to the MidBodyValfor the last 10 bars.