Rank: Newbie
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Joined: 1/9/2006(UTC)
Posts: 2
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I am trying to put together an exploration that finds stocks on monthly charts that have hit long term resistances 2 or more times in the past 2 or more years but recently have broken this resistance with above average volume. I attempted to use HHV and HighestSince functions but failed and wasn't even sure if I had the right approach with these.
Is there something similar already written or if someone could be so kind to help.
Thanks.
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 8/3/2005(UTC)
Posts: 40
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ODX, one way of doing something similar without tying down the restrictions of price movement too much is using something as simple as H > Ref(HHV(H,24),-1) on monthly or weekly and then visually reject trades.
For above average volume on weekly, I have found something as simple as using a volume oscillator with a threshold over 100 as being useful such as OscV(4,26,E,%) > 100
Have a play with the above and see if it picks up the types of signals you are looking for.
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 1/9/2006(UTC)
Posts: 2
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I will have a go at it.
Thanks for the tips.
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