stockfetcher
980 posts
msg #113793 |
5/30/2013 1:05:39 PM
Near is a convenient phrase that generically defines two measures or values to be close in
proximity. StockFetcher defines two measures to be “near” each other when the distance between
the two values is less than 2%. This 2% threshold is a generic assumption; however, near is
easily applied and often used in the initial stages of developing a StockFetcher phrase. Take for
example, a filter that has one component where the price needs to be near the lower Bollinger
Band.
On a first pass, this will provide many examples where the daily low is within 2% of the lower
Bollinger band. After further development, more control of the exact proximity may be necessary.
At that point, phrases such as more than or less than may be used.
Clearly this second example provides more control of the proximity of the daily low with respect
to the measure; however, the phrase near was helpful in the initial stages of designing the
approach.
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