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TradingSolutions Function Library
| Significant Direction [SigDir] |
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The Significant Direction function returns the direction of the most recent change larger than a given amount.
Parameters ------------------ Data The data to use in the calculation. This is typically a field in a data series or a calculated value. Minimum Change The minimum change required in the data to be considered in this calculation.
Function Value ------------------------ If the value has most recently increased by the given amount, it returns +1. If the value has most recently decreased by the given amount, it returns -1. If the value has not changed by the given amount in either direction, it returns 0.
Usage ---------- This function is useful for determining the significant direction of change in a field by filtering out smaller changes. It differs from the sign of the current change in that it places a threshold on the amount of the change and it returns the previous value when the threshold has not been reached.
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