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Category
Multi-Bar Functions
Description
Count bars until a condition will be true
Syntax
UntilTrue(condition, count {0}) {WARNING: looks ahead}
Parameters
condition - formula referencing bar data
count - formula specifying a number of bars (optional)
Notes
The condition will be evaluated for the most recent bar first, then proceed forward in time until a non-zero value is found or count bars have been checked, whichever comes first.
If count is omitted then there is no maximum (all bars after this one are potentially checked).
If the condition never becomes true, the return value is -1.
If the condition is currently true, the return value is 0.
If the condition will be true tomorrow, the return value is 1, and so on.
Since this function looks into the future, it should generally not be used with price data in a backtest.
The most likely usage scenario would be date-related, e.g. UntilTrue(Month <> Month[1]) to count the number of remaining trading days this month.
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