When I need a condition like " close at least 30 % above 52 week low", what is the best procedure to arrive that?
Rename
One way that you can accomplish it with using Blocks is using a "transformer" indicator named MathIndOpValue. Here's how I set it up to multiply the lowest 252-period low by 0.7 (which is roughly 52-week low):
Why not use Indicator % Above or Below Indicator?
What went through my mind, that's going to be even simpler. :)
Thank you!
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