Hi,
I would like to add a condition to system builder strategy which checks if current price is at least 30% above its 52 week (or 252 day) low.
I tried this with the High-low retracement indicator, but the inputs for the indicator are confusing.
- If I have to specify Percent, then what is the purpose of Retracement Percent? Do both values need to be same?
- What does breakout mean here? Does a value of 252 means that it will check 30% retracement above 252 day low?