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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - StockFinder 5.0 » BREAKOUT SCAN

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lovedale
Posted : Wednesday, March 31, 2010 7:47:39 PM

Registered User
Joined: 2/9/2007
Posts: 21

I AM TRYING TO MAKE A BREAKOUT SCAN ,COULD YOU PLEASE HELP WITH FORMULA 
BREAKOOUT FORMULA 
(( HIGHOF THE PAST 20 TRADING SESSIONS-LOW OF THE PAST 20 TRADING SESSIONS) / HIGH OF THE PAST 20 TRADING SESSIONS +LOW OF THE PAST 20 TRADING SESSIONS ) / 2 < .15 AND THE MOST RECENT CLOSE > HIGH OF THE PAST 20 TRADING SESSIONS


BASICALLY THE BREAKOUT SCAN HELPS IDENTIFY STOCKS HITTTING NEW 20 DAY HIGHS . 
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Bruce_L
Posted : Thursday, April 1, 2010 8:57:59 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 I'm not sure if I have the parentheses correct or not (but you should be able to correct them on your own if I don't). Please try using the following RealCode Condition as a Scan.

Rule Basics

'|*****************************************************************|
'|*** StockFinder RealCode Condition - Version 5.0 www.worden.com
'|*** Copy and paste this header and code into StockFinder *********
'|*** Condition:Breakout Scan
'|******************************************************************
If ((Price.MaxHigh(20, 1) - Price.MinLow(20, 1)) / _
    (Price.MaxHigh(20, 1) + Price.MinLow(20, 1))) / 2 < .15 AndAlso _
    Price.Last > Price.MaxHigh(20, 1) Then Pass
-Bruce
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