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Hi Guys, I need help with an exploration code for a 4 bar
break...see explanation below.
The concept is relatively straight forward.
The first three days of the pattern requires the appearance of 3
consecutive lower highs. The set up requires that each high price be
progressively less than the previous indicating clear rejection of
higher values. Equal to yesterdays high is not acceptable. The final
bar of our four bar break requires the closing price to finish above
yesterdays high price.
Plus the Volume on day 4 must exceed volume on day 3 by a minimum of
75%;
The closing price must finish in the top half of the trading range
on day 4;
The closing price on day 4 must be between 5%-13% above yesterdays
closing price;
Thanks in advance
Bruiser
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