Consecutive Break Indicator Counts Rising and Falling Price Streaks

Summary

This brief indicator note introduces the Consecutive Break (CB) measure and names a close-price input with upward and downward length parameters. Its pseudocode defines an upward count as the number of consecutive bars in which the close exceeds the previous close, and a downward count as the number of consecutive bars in which the close is below the previous close. The measure therefore tracks the current lengths of rising and falling closing-price streaks.

The note provides no entry or exit rules, parameter guidance, market examples, backtest results, or explanation of how the stated length parameters affect the calculation. It also points to a separate document for the indicator’s meaning, but that explanation is not included here. Traders can understand the basic streak-counting concept from the pseudocode, but would need further specification and testing before using it as a signal.

Key ideas

• The Consecutive Break indicator tracks consecutive closing-price increases and decreases.
• Its upward count increments when the close is above the prior close.
• Its downward count increments when the close is below the prior close.
• The note does not explain the length parameters or provide trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.