How to use the Capture WizTool

The Capture WizTool captures the input "# Value" when the input "T/F When" signal is true and then passes this value through the output. If the input "T/F When" signal is false then the output value is the "Init" (initial) value the user manually enters into the designated field. Once a value is captured the output of the Capture WizTool will continue to return the output value of the previous capture event until the input of the "T/F When" is true again. Read more.

In this example, when the 15 minute inverted hammer output is true, then the Capture WizTool captures the 15 minute 10 period RSI output value and passes it through the output of the Capture WizTool. If the 15 minute inverted hammer output is false then the output value of the Capture WizTool is 30.

Another Example

  1. 1. From bar 1 to bar 2, there is no inverted hammer found, then the output value of Capture WizTool is 30 as initiated.

  2. 2. Then at bar 3, an inverted hammer is identified, the RSI value at that moment is captured, for example RSI = 25.

  3. 3. Then from bar 3 to bar 4, even though no new inverted hammer is found, the Capture WizTool still returns 25 as the output from the last capture event.

  4. 4. Then at bar 5, a new inverted hammer is identified, so at that moment the RSI value is 5. So now the output of capture tool is replaced from 25 to 5. The output of the Capture WizTool will carry that 5 ongoing until there is another inverted hammer.