Re: [RT] determine a trend

[Bob Fulks <bfulks@xxxxxxxxxxxx>]

Try this. All plots should be set to plot fat points in "Same as Price".

if CountIF(High > High[1], 5) >= 3 then
   Plot1(High, "1"); {made 3 higher highs in the last 5 days}

if CountIF(High > High[1], 6) >= 4 then
   Plot2(High, "2"); {made 4 higher highs in the last 6 days}

if CountIF(High > High[1] and Close > Close[1], 5) >= 5 then
   Plot3(High, "3"); {made 5 higher highs in the last 5 day and closed up each day}

Bob Fulks


At 2:44 PM -0500 3/30/02, profitok wrote:

>How does one look for suspects of a breakout ?
> 
>one simple idea is to scan all your stocks and commodities for the following condition
> 
>a:  made   3 higher highs  in the last 5 days
> 
>b:made 4 higher highs  in the last 6 days
>
>or
> 
>a little overbought but a high probability trade
>made 5 higher highs  in the last 5 day and closed up each day
>
>now if someone can code this over the weekend in ela   and scan their  list
>we can get someone to post the  results  for  Monday trading
>nice  holidays to all
>Ben