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55 - DAY Breakout to the Upside Rate this Topic:
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sam0127
Posted : Friday, October 12, 2012 5:49:08 PM
Gold Customer Gold Customer

Joined: 6/23/2011
Posts: 28

Hello,

I don't do much with PCF's, mainly because I am very programmer challenged.

 

However, I am wanting to create a scan that will identify stocks that are having a 20 day breakout to the upside. What I am looking for are stocks with the current price the highest it has been in the last 20 trading days.

I know this is child's play for you but would you mind enlightening me.

 

Thanks,

Sam

 

Bruce_L
Posted : Friday, October 12, 2012 5:52:11 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

If the high of the current bar only needs to be the highest high of the most recent 20-bars:

H = MAXH20

If the high of the current bar needs to be higher than the highest high of the previous 19-bars:

H > MAXH19.1

If the current bar actually needs to close above the highest high of the previous 19-bars:

C > MAXH19.1

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-Bruce
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sam0127
Posted : Friday, October 12, 2012 6:28:12 PM
Gold Customer Gold Customer

Joined: 6/23/2011
Posts: 28

thank you

Bruce_L
Posted : Monday, October 15, 2012 7:24:01 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
Personal Criteria Formulas
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