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Ask a Trainer - TC2000 version 12/17
Easy Scan for Breakout Setups
How do i create easy scan for breakout set up with condition below?
Price > 5$
4% Breakout to new 20-day highs
Average daily traded volume > 250k shares
Range contraction above 10 and 20 day EMA
The following is guessing to a great extent what you mean by range contraction, but it checks for the range of the current bar to be less than the range of the previous bar with the entire range above both moving averages.
C > 5 AND C >= 1.04 * MAXH20.1 AND AVGV20 > 250000 AND H - L < H1 - L1 AND L > XAVGC10 AND L > XAVGC20