Finding Potential Breakouts

Optuma Forums Optuma Scripting Finding Potential Breakouts

Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • #53931
    AvatarJonathan
    • Topics: 31
    • Replies: 49
    • Posts: 80

    Hey

     

    I’ve been contemplating the best way to find these potential breakouts before they occur.

     

    AS anyone on the forum developed a script to find sideways price action over 12-24 weeks as an example? Would be good to get a list of stocks doing nothing.

    Attachments:
    #53943
    AvatarRaviraj
    • Topics: 2
    • Replies: 3
    • Posts: 5

    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.
    #53945
    DarrenDarren
    • Topics: 43
    • Replies: 304
    • Posts: 347

    You can also count how long it’s been since the last pivot and how far it is away, eg WOR is 0.39% from it’s last 10 week pivot high that occurred 19 weeks ago:

    Capture

    % from Pivot formula:

    Time since pivot:

     

    Workbook attached.

     

    Attachments:
    #53959
    AvatarJonathan
    • Topics: 31
    • Replies: 49
    • Posts: 80

    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;

    How do we get this script using the pivot tool?

    #53961
    AvatarJonathan
    • Topics: 31
    • Replies: 49
    • Posts: 80

    You can also count how long it’s been since the last pivot and how far it is away, eg WOR is 0.39% from it’s last 10 week pivot high that occurred 19 weeks ago:

    Capture

    % from Pivot formula:

    Time since pivot:

     

    Workbook attached.

     

    Thanks!

     

    Only problem i had was work book did display numbers, but instead decimals for the weeks since. 🙁

Viewing 5 posts - 1 through 5 (of 5 total)
  • You must be logged in to reply to this topic.

Pin It on Pinterest

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close