Remember 1 Through 4

Chart for this topic:  Remember 2 SPY.cht

Remember(series, condition)

Parameters:

Series - the time series value that is the result if the condition is met

Condition - the condition series that determines when the series value changes (default Close should not be used)

Returns the values of series from the last time that the condition was true (non-zero).

For example, you can use the Remember indicator to recall the value of the close (the series) when the RSI < 30 (the condition).  Note that the indicator will continue to report the value of the close the last time RSI < 30, even when the RSI goes above 30.

You may select the conditional true/false indicators from any of the conditional indicators that came with the NeuroShell Trader such as the relational, Boolean, day and date flags, crossovers, etc., as well as the conditional indicators included in Advanced Indicator Set 3.

Multiple Series and Conditions

Remember indicators 2 through 4 return the value of the associated series every time a condition changes.

For example, if you have set up the following conditions for the Remember 2 indicator:

Remember2

 Series 1 = Low

 Condition 1 = RSI < 30

 Series 2 = High

 Condition 2 = RSI > 60

outputs the value of the low when the RSI is less than 30 or the high when the RSI is greater than 60.  If either condition is met a second time, the output value changes according to which condition is met.

The Series/Condition pairs may occur in any order and the output value will be the series that is associated with the condition that is met. If more than one condition is met on the same bar, the output will be the one with the lowest Series number.

When using Remember 2 through Remember 4, the Series/Condition pairs can use different types of conditions.  For example, one may be RSI < 30 and the other condition may be a time or a date.  This flexibility allows the Remember indicators to be the equivalent of a programmer's use of a variable in NeuroShell Trader, and they may be used as arguments to other indicators, Trading Strategies, or Predictions.

Note: Several of the indicators in this set use close as a default parameter value when a condition is required. Close is a non-zero value so it is always a true condition.  However, you should not pay attention to these indicator results until you change the close to a condition that may be either true or false.