Rank: Newbie
Groups: Registered, Registered Users Joined: 12/10/2008(UTC) Posts: 2
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Hello Everyone,
I am trying to create an explorer for rounding bottom breakout. Formula which I have created is good but not getting perfect as I am unable to use peak and through functions. Below I am posting my criteria and formula Please help me perfect this formula. Any kind of help will be appreciated.
Criteria:
1. Price creates a high and then slides.
2.After some correction price starts consolidating forming several low range bars.
3.Price attempts to move up but is suppressed due to high selling pressure forming an intermediate high.
4.Price slides again reaches very near to previous low formed but buying picks up again and consolidation continues.
5 After some time price moves up again and this time it breaches the intermediate high resulting in a breakout to previous high.
6. I am trying to catch the point where price breaches the intermediate high.
Formula:
LLV(L,20)
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