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5 min rotation on 1 min chart Rate this Topic:
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zachlindgren
Posted : Saturday, November 24, 2012 9:07:35 AM
Registered User
Joined: 10/4/2010
Posts: 11

I am looking to write a condition that will show me a breakout of the 5 min rotation peak high on a 1 min chart. Also I want this condition to look at only stocks that have a gap up open of > 2%. This is so much more clear in my head then it is to write out for you.

 

Thanks, Zach

Bruce_L
Posted : Monday, November 26, 2012 11:16:14 AM


Worden Trainer

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

I really don't know what "a breakout of the 5 min rotation peak high" might be to help you create a Condition to identify it.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
zachlindgren
Posted : Tuesday, November 27, 2012 11:36:56 AM
Registered User
Joined: 10/4/2010
Posts: 11

O.K let me try to explain my thought.... What I want is to wirte a condition that looks at the 1 min chart and takes the first 5 bars and sets a range....the range being the highest high reading (the peak high) and the lowest low reading (the range low), and the breakout being a move in price above the highest high (the peak high) of the established range. I guess a good starting point would be for the breakout to occur within 10 bars after the 5 bar range is set. Hope this is a better explanation.

 

Thanks, Zach

Bruce_L
Posted : Tuesday, November 27, 2012 12:03:55 PM


Worden Trainer

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

I'm still not quite sure about exactly what you want. Maybe something similar to the following RealCode Condition?

'|*****************************************************************|
'|*** StockFinder RealCode Condition - Version 5.0 www.worden.com 
'|*** Copy and paste this header and code into StockFinder *********
'|*** Condition:Breakout of Gap Up Opening Range
'|******************************************************************
'# OpeningBars = UserInput.Integer = 5
'# BreakOutLimit = UserInput.Integer = 10
'# GapUpPerc = UserInput.Single = 2
Static RangeHigh As Single
Static BarOfDay As Single
Static LastTest As Integer
Static OpenGap As Boolean
Static BrokeOut As Boolean
If isFirstBar Then
	RangeHigh = Single.NaN
	BarOfDay = Single.NaN
	LastTest = OpeningBars + BreakOutLimit
	OpenGap = False
	BrokeOut = False
Else If Price.DateValue.DayOfYear <> Price.DateValue(1).DayOfYear Then
	RangeHigh = Price.High
	BarOfDay = 1
	If Price.Open >= (1 + GapUpPerc / 100) * Price.Last Then
		OpenGap = True
	Else
		OpenGap = False
	End If
	BrokeOut = False
Else
	BarOfDay += 1	
End If
If OpenGap = True AndAlso _
	BarOfDay <= LastTest Then
	If BarOfDay <= OpeningBars Then
		RangeHigh = System.Math.Max(RangeHigh, Price.High)
	Else
		If Price.High > RangeHigh Then
			BrokeOut = True
		End If
	End If
End If
If Single.IsNaN(BarOfDay) Then
	SetIndexInvalid
Else If BrokeOut = True Then
	Pass
End If


-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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