Equilla Formula Language


Returns the number of elapsed bars since the specified position was entered.


Numeric: (Optional) The position to examine. Omit this parameter or use zero (0) to indicate the current position.


The Position parameter specifies the number of the referenced position relative to the current one. A value of zero (0) identifies the current position, a value of one (1) the previous one.


Exit a position after a number of bars has elapsed
Input: Price( Close ), Period( 10, 1 ), MaxBarsPerPosition( 5, 1 ); If Average( Price, Period ) Crosses Price Then Buy Next Bar at Market Else If Price Crosses Average( Price, Period ) Then Short Next Bar at Market; If MarketPosition <;>; MarketPositionFlat Then Begin If BarsSinceEntry() >; MaxBarsPerPosition Then ExitPosition Next Bar At Market; End;