Scribd
Upload
306 views2 pages

Price Breakout

This document contains code for analyzing stock breakouts using a lookback period and shift parameter. It plots high and low lines from the lookback period and generates buy and sell signals when the close or high/low crosses those lines. The code allows toggling between using the close or high/low to generate signals, and includes options to remove extra signals and display volume at price.

Uploaded by

rohit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
306 views2 pages

Price Breakout

This document contains code for analyzing stock breakouts using a lookback period and shift parameter. It plots high and low lines from the lookback period and generates buy and sell signals when the close or high/low crosses those lines. The code allows toggling between using the close or high/low to generate signals, and includes options to remove extra signals and display volume at price.

Uploaded by

rohit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
You are on page 1/ 2

// RASHEED'S BREAKOUTS

// help requested for adding an exploration for End of Day breakouts


/* coded by NW Trader 1-29-10 with exploration, chart signals and chart options
toggle parameter to select between C or H & L for the breakout crossings
toggle parameter added to remove extra trade signals
Volume at price added
*/

_SECTION_BEGIN("BREAK OUTS");

// ============== Standard Chart Code ============================


CodeName = "Rasheed's Breakouts";
SetFormulaName("Rasheed's Breakouts");

// --------------- Controls for Chart Display


----------------------------------
SetChartOptions(0, chartShowDates | chartWrapTitle);
if (ParamToggle("Tooltip shows", "All Values|Only Prices"))
{
ToolTip = StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)
\nVolume: " + NumToStr(V, 1), O, H, L, C, SelectedValue(ROC(C, 1)));
}

space = Param("Space on Chart", 20, - 15, 50, 1);


GraphXSpace = space;
SetChartBkColor(ParamColor("Background Color", colorBlack));

// ================= Rasheed's original code (with Lookback and Shift default set
to his specs) =================

H0 = H;
L0 = L;
C0 = C;
O0 = O;

Lookback = Param("LookBack", 10, 10, 50, 1); // Default for interday commodity
currency trading
shift = Param("Shift", 5, 1, 50, 1); // ?
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));

Plot(H1, "H1", colorYellow);


Plot(L1, "L1", colorYellow);

H = H0;
L = L0;
C = C0;
O = O0;

up = Cross(H, H1)AND Cum(1) > x1;


dn = Cross(L1, L)AND Cum(1) > x1;

Plot(C, "Close", IIf(Cum(1) > x1 - Lookback AND Cum(1) <= x1, colorBlue, IIf(Up,
colorBrightGreen, IIf(Dn, colorRed, IIf(C > O, colorGreen, colorRed)))), 64);
PlotShapes(shapeDownArrow *(Cum(1) == x1 + 1), colorBlue);

// ======================= Exploration and Signal Code =================


TRIGGER = ParamToggle("Trigger ", "CLOSE|HIGH OR LOW");

XH1 = Cross(C, H1);


XL1 = Cross(L1, C);
XH2 = Cross(H, H1);
XL2 = Cross(L1, L);

if (TRIGGER == 0)
{
Buy = XH1;
Sell = XL1;
}

else
{
Buy = XH2;
Sell = XL2;
}

TradeDisplay = ParamToggle("Remove Extra Trades?", "No|Yes");

if(TradeDisplay != 0){
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy); // THIS WILL REMOVE EXESS SIGNALS ON A CHART OR IN
AN EXPLORATION
}

Filter = Buy OR Sell;


Action = WriteIf(Buy, "BUY", WriteIf(Sell, "SELL", " "));

AddTextColumn(IndustryID(1), "Industry Sector ", 30.0, colorBlue, colorYellow);


AddColumn(C, "Last ", 2.2, colorWhite, colorBlue);
AddTextColumn(Action, "Action", 8.0, IIf(XH1, colorDarkGreen, colorDarkRed),
colorWhite);
AddColumn(IIf(XH1, H1, L1), "BREAKOUT LEVEL", 3.2, colorYellow, IIf(XH1,
colorDarkGreen, colorDarkRed));

//
-----------------------------------------------------------------------------------
Arrow signals --- FOR TRADES
----------------------------------------------------------
PlotShapes(Buy *shapeUpArrow, colorBrightGreen, 0, L /* ENTRY_TRAILARRAY */, -
30);
PlotShapes(Sell *shapeDownArrow, colorLightYellow, 0, H, - 30);
_SECTION_END();

_SECTION_BEGIN("Volume At Price");
PlotVAPOverlay(Param("Lines", 1000, 100, 1000, 10), Param("Width", 15, 1, 100, 1),
ParamColor("Color", colorBlue), ParamToggle("Side", "Left|Right", 1) | 4
*ParamToggle("Z-order", "On top|Behind", 1));

_SECTION_END();

You might also like