Forgive the basic question, but I could use some clarification on how the CompNewHighLow indicator in IndexLab works. If I set a lookback of 30, what is it comparing against when checking for Highs/Lows -- is it the Close price of the first bar in the 30 bar lookback?
Rename
It's the High price (or Low if you prefer), not the Close.
Thank you!
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