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break of long term resistance [RESOLVED] - break of long term resistance [RESOLVED]
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ODX  
#1 Posted : Monday, January 9, 2006 2:34:38 AM(UTC)
ODX

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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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weird  
#2 Posted : Tuesday, January 10, 2006 10:16:29 AM(UTC)
weird

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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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ODX  
#3 Posted : Wednesday, January 11, 2006 1:17:16 AM(UTC)
ODX

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I will have a go at it. Thanks for the tips.
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