Momentum.HighestPosition Method

Returns the position of the highest value of the price over a look back period.

public int HighestPosition(
double[] prices,
int noOfPeriods
);

Parameters

prices: An array of length equal to the number of periods considered in the indicator evaluation where the first element is the price in the last trading period, the second term is the price in the previous trading period and so on.
noOfPeriods: The number of periods from the present period (i.e. look back period) over which the position of the highest value is sort.

Return Value

An integer which represent the number of periods (over the look back period) in which the highest value occurs.

Remarks

If there are two prices with the same highest value over the period considered then the position of the most recent highest price is returned.

Example

We illustrate the application of this method with the following example. If the prices over the past five periods are: { 102, 101, 100, 103, 102 }, and the look back period has 3 periods, then the position of the highest is 1, corresponding to 103, which is the highest value within { 101, 100, 103, 102 }.

Exceptions