Reply To: Scan for pullbacks from new highs

[Matthew]

Hi,

Here is how i would script the criteria you listed:

//Find new 252 Day Highs V1 = High() CrossesAbove HIGHESTHIGH(BARS=252) ; //Find New Highs within the last 10 days V2 = TIMESINCESIGNAL(V1) <= 10; //Find High Value at last trigger V3 = PRICEATSIGNAL(V1, PRICE=High); //Find Pullback Range V4 = V3 * 0.75; V5 = V3 * 0.618; //Results CLOSE() >= V5 and CLOSE() <= V4 and V2 == 1

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//Find new 252 Day Highs V1 = High() CrossesAbove HIGHESTHIGH(BARS=252) ; //Find New Highs within the last 10 days V2 = TIMESINCESIGNAL(V1) <= 10; //Find High Value at last trigger V3 = PRICEATSIGNAL(V1, PRICE=High); //Find Pullback Range V4 = V3 * 0.75; V5 = V3 * 0.618; //Results CLOSE() >= V5 and CLOSE() <= V4 and V2 == 1

Here is how it looks on a chart:

Black Line = Highest High (252 days) and Pink Arrows = Criteria Pass

• This reply was modified 11 months ago by Matthew.