System: Consecutive Losing Bars [System_ConsecLosingBars]

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The System: Consecutive Losing Bars function determines the number of consecutive losing bars in the current trade for an entry/exit system. Parameters ------------------ Close                                       The closing price of the security for each given day. Function Value ------------------------ This function determines the number of consecutive losing bars in the current trade for an entry/exit system. Losses are determined by checking the closing price. If the closing price decreases from the previous bar during a long trade (or increases during a short trade), it is considered a losing bar. The length and position of the current trade are based on the previous values generated by the entry/exit system this function is used in. Because of this, it can only be used from within an entry/exit system or from within a function which will be used in an entry/exit system.