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Breakout Range2

Formula for: MetaStock

Views: 1511

Added: March 12, 2007

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Tags: MetaStock, indicator

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August 2000 TASC Traders' Tip - The MetaStock code for the Breakout Range2, by Mark Vakkur, M.D
The MetaStock code for the Breakout_Range2, by Mark Vakkur, M.D. is as follows.:

To create the custom indicator select Indicator Builder from the Tools menu, click New and enter the following code:

Code:

Breakout Range2
lb:=4; { number of periods in look back }
event:=H > HHV(Ref(H,-1),lb);
If(event AND (Ref(BarsSince(event),-1)>=lb), Ref(BarsSince(event),-1), 0 )

Author: Mark Vakkur
Source: http://www.equis.com

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