Topic: Lowest low indicator

I would like to create  following strategy

if (low(today) = lowestLow(8 days)) and (Close (today) > Close (yesterday)) then buy at high(today)
exit after 10 days

Is it possible to implement such strategy in FSB? I especially don't know how to implement low(today) = lowestLow(8 days) condition.

Re: Lowest low indicator

any ideas?

Re: Lowest low indicator

You can do the lowest low with Doncian Channel 8 period shifted by 1 and (Close (today) > Close (yesterday)) with a 1 day moving average of the close.

(I think)

Re: Lowest low indicator

Thanks Spiderman. It works smile