2-Reference Lookback

Description

A modular signal building block for Sierra Chart. The 2-Reference Lookback takes two inputs — any subgraph from any study, or manual values — processes each through a configurable lookback window, then compares or combines them to produce a signal.

Input Processing

Each input independently supports five pre-calculation modes over a 2–20 bar window:

• Direct value — current bar, no lookback
• Sum — cumulative total over the window
• Average — mean over the window
• Max range — maximum minus minimum (range expansion)
• Average per-bar change — consecutive bar change (trend/momentum)

After pre-calculation, each input can be further adjusted with an additive shift and a multiplicative factor.

Signal Modes

Activation Gating

Optionally restrict evaluation to specific conditions — activate only while another study output is 1, 0, non-zero, positive, or negative. Prevents signal generation outside the intended market context.

Common Setups

• Volume threshold: 5-bar volume sum versus a fixed level
• Momentum divergence: 10-bar price range versus indicator average
• Ratio output: bid volume sum divided by ask volume sum
• Conditional trend: 15-bar price change gated by wave direction

Requirements

• Sierra Chart trading platform
• ofv Control Study (included)