Reply To: Finding Potential Breakouts

[Raviraj]

Hi Jonathan,

You can try using something similar to this script to scan for close within 20% (or 10%) of 52 weeks high and then place a limit order where price is higher than previous resistance.

//Close within 20% of 52 Week Highs
CLOSE() >= (HIGHESTHIGH(RANGE=LOOK BACK PERIOD,BARS=260)*0.80)
and CLOSE() > 5;

1 user thanked author for this post.

Jonathan