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Here is one coded by Dimitris Tsokakis who posted many formulas years
ago. If you want to follow the thread,
search the group messages.
// For Indicator Window NAME: Break Outs - DT
// An Indicator Plots a high and low bar and color codes the price line
for bullish breaks
H0=H;
L0=L;
C0=C;
O0=O;
Lookback=50; // orig=50 100 used in the Rebels Contest-looks #days back
in time
shift=5; // orig=30 60 used in the Rebels Contest--discards # closest to
current bar
x0=LastValue(Cum(1));
x1=x0-shift;
H=Ref(H,-shift+1);
L=Ref(L,-shift+1);
H1=LastValue(Ref(HHV(H,Lookback),-1));
L1=LastValue(Ref(LLV(L,Lookback),-1));
GraphXSpace=1;
Plot(H1,"Breakouts H1",colorYellow);
Plot(L1,"L1",colorYellow);
Title= "Breakouts "+Name()+" "+Date()+EncodeColor(colorBlack) +"
H1="+WriteVal
(H1)+" Date Hi="+ Date();
H=H0;L=L0;C=C0;O=O0;
Buy=up=Cross(H,H1) AND Cum(1)>x1;
Sell=dn=Cross(L1,L) AND Cum(1)>x1;
//PlotShapes(IIf(Hibar,shapeUpArrow,shapeNone)
,colorBrightGreen,0,Graph0,-15);
Plot(C,"Close",IIf(Cum(1)>x1-Lookback AND Cum(1)<=x1,colorBlue,IIf
(Up,colorBrightGreen,IIf( Dn,colorRed,colorBlack))),64);
PlotShapes(shapeDownArrow*(Cum(1)==x1+1),colorBlue);
hth, ron
Richard Jay wrote:
> I was browsing the AFL library trying to find something that will
> highlight a breakout but couldn't find anything. Is this too vague a
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