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TradingSolutions Function Library
| Is Crossing Value [Cross] |
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Return to Complete List of Functions |
The Is Crossing Value function indicates when a data series crosses above or below a given threshold.
Parameters ------------------ Data The value to compare. This is typically a field in a data series or a calculated value. Threshold The threshold to compare the data to. This can be a constant, a field, or a calculated value.
Function Value ------------------------ The function returns +1 only when the field actually crosses the threshold. In all other situations, it returns 0.
For example, in the table below, notice how the value is +1 when the closing price actually crosses above or below the value 3.
Close Cross(Close,3) ------------------------------------- 2 0 3 0 4 1 <--- Close crosses above 3 5 0 3 0 2 1 <--- Close crosses below 3 1 0
Usage ----------- The threshold can be a constant or another data series. For example, this function can be used to determine when a data series crosses its moving average.
Crossing functions are typically used in entry/exit systems to generate signals when one value rises above another value. See the sample entry/exit systems for an example of using crossing functions in an entry/exit system.
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