[amibroker] Re: A Scan for Stocks Making A Breakout From Base

["areehoi" <hoierman@xxxxxxx>]

Dickie,
Here's another Breakout exporation/scan you may wish to look at that
gets fairly good results.
/* Breakout based on MetaStock & TC 2000 formulas*/
// get 25-day average volume and compare today's volume
V25 = MA(V, 25);
Cond1=(Close>1.06*L)AND(V>V/V25);
Cond2=((HHV(C,25)-LLV(C,25))/MA(H,25)-MA(L,25)*25)*100;
Buy = Cond1 AND Cond2 AND (PDI (14)>MDI(14))AND C> Ref(C,-1);
Sell = (PDI (14)<MDI(14)); 
Filter = C <30 AND C >2 AND Volume > 100000;
Result = WriteIf(Buy,"Buy","Sell");
AddTextColumn(Result,"Trade",
formatChar,IIf(Buy,colorDarkGreen,colorRed ),
IIf(Sell,colorLime,colorPink));
AddColumn( Close, "Close", 1.2, IIf( ROC(C, 1 ) >= 0,
colorDarkGreen,colorRed ),50 );
AddColumn(Ref(Close,-1),"Y-Close",1.2, IIf(
ROC(Ref(C,-1),1)>=0,colorDarkGreen, colorRed ),50 );
AddColumn( Volume, "Volume", 10.0, IIf( ROC(V, 1 ) >=
0,colorDarkGreen, colorRed ) );
AddColumn( ROC( Close, 1 ), "ROC(1)", 1.2, IIf( ROC(C, 1 ) >=
0,colorDarkGreen, colorRed));
Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);


--- In amibroker@xxxxxxxxxxxxxxx, "Dickie Paria" <babui@xxxx> wrote:
> Buy = LinRegSlope( C, 10 ) < Ref(C, -10 ) *0.6/100 AND
> LinRegSlope( C, 10 ) > -Ref( C, -10 ) * 0.3/100 AND Close > Open AND 
> Low >= Ref(High, -1) AND Volume > Ref(Volume, -1);
> 
> Short = LinRegSlope( C, 10 ) < Ref(C, -10 ) *0.6/100 AND
> LinRegSlope( C, 10 ) > -Ref( C, -10 ) * 0.3/100 AND Close < Open AND 
> High <= Ref(Low, -1) AND Volume > Ref(Volume, -1);
> 
> **************************************************
> 
> The above is a scan for picking stocks that are making a breakout 
> from base (long or short).  Actually - you can use it for intraday, 
> forex, futures, options whatever.  There are some who believe that a 
> breakout signal is more valid if the price base is relatively long.  
> In that case - change the '10' in the code to whatever number you 
> want - lets say - '120'.  If you want to backtest then simply add 
> a 'Sell' and/or 'Cover' rule of your choice.  To get you started - 
> here's a simple sell/cover rule
> 
> Sell = Close < EMA(Close, 5);
> Cover = Close > EMA(Close, 5);
> 
> I don't believe a breakout signal by itself is profitable - else, 
> everybody and their mother would be doing it.  But combine with your 
> favorite indicators and you may get a profitable trading strategy.  
> For an idea of how to incorporate a 'price base' in the 'Buy' rule 
> with 2 indicators - look at a previous post of mine 
> titled 'Revelation Trading System' (posted about a week ago on this 
> forum).






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