IsAscending ( IDataHolder value , int length );
Default values:
length: 3
Description
Tests if the trend is ascending by calculating the average slope coefficient of trendlines whose start points are MidBodyVal for a specified number of bars and end points are value for current bar. If the slope is positive then the trend is considered ascending.
Input parameters
| Parameter | Default value | Description |
|---|---|---|
| value | - | Defines data to test for uptrend conditions. |
| length | 3 | Defines period to test for uptrend conditions. |
Example
AssignPriceColor(if IsAscending(close, 10) then Color.GREEN else Color.RED);
This example paints price bars in green color if the closing price in comparison to the MidBodyVal for the last 10 bars is considered ascending and in red color otherwise.