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Hi Joe,
Sorry it has taken me so long to get back to you concerning the
Congestion Breakout Formula I requested.
The criteria you have posed is just fine. If I see that any of the
parameters need changing as I go along, I could make the changes as
you will already have set it up.
Thank you so much for your help and interest.
Debra
--- In Metastockusers@xxxx, Arsk0jn@xxxx wrote:
> Hi Debra,
> Yes, you can do all those things...but you have to define what you
are asking
> for in precise terms. For example:
> 1. a breakout from congestion
> Close 1 point higher than the highest high of the past 30
trading days.
> 2. heavy volume
> Today's volume >120% of the highest volume for the past 30
trading days.
> 3. price gaps in the direction of the breakout:
> Today's low> 1 point above yesterday's high = +1
> Today's high < 1 point below yesterday's low = -1
>
> Good luck,
> Joe Nemecek
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