Trying to figure out how the detect analysis works.
Code from manual:
Code:
//detect 10-pip 10-bar cup formations in the price curve
function run()
{
vars Price = series(price());
[b]var cup[10] = { 6,3,1,0,0,0,1,3,6,-1 };[/b]
plot("Cup Similarity",detect(Price,0,10*PIP,cup),NEW,RED);
}
My cocern is the numbers in the line I've bolded. Here's my theory about them:
Have I got things right here? But what do the numbers(especially the 0(zeros) actually mean? Is it the size(in pips) of the bars? And is "one" number equivalent to "one" bar?
EDIT: And the scale-part aswell - the example is a cup of 10 PIPS. This, to me, seems sort of a very small cup?