OPEN-SOURCE SCRIPT
Runner
Highlights run days on a chart
Run days are defined as:
Up run day.
A day that meets the following two conditions:
1. The true high of the run day is greater than the maximum true high of the past N days (e.g., N = 5).
2. The true low on the run day is less than the minimum true low on the subsequent N days.
Down run day.
A day that meets the following two conditions:
1. The true low of the run day is less than the minimum true low of the past N days.
2. The true high on the run day is greater than the maximum true high on the subsequent N days.
Taken from: Schwager, Jack D.. A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles (Wiley Trading) (Kindle Locations 3376-3382). Wiley. Kindle Edition.
Run days are defined as:
Up run day.
A day that meets the following two conditions:
1. The true high of the run day is greater than the maximum true high of the past N days (e.g., N = 5).
2. The true low on the run day is less than the minimum true low on the subsequent N days.
Down run day.
A day that meets the following two conditions:
1. The true low of the run day is less than the minimum true low of the past N days.
2. The true high on the run day is greater than the maximum true high on the subsequent N days.
Taken from: Schwager, Jack D.. A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles (Wiley Trading) (Kindle Locations 3376-3382). Wiley. Kindle Edition.
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