3 Minute Bar Breakout

52 Week Hi-Lo Exploration
August 11, 2016
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3 Minute Bar Breakout

{Functions
used in Middle Screen}

MiddleScreenBlue
:= Mov( Close, 34, E )
MiddleScreenYell := Mov( Open, 13, E )

{Functions
used in Lower Screen}

StochRed
:= Stoch( 9, 7 )
StochLagging : = Mov( StochRed, 7, S )

{
Main analysis section }

{BULLISH}
Cross( StochRed, StochLagging ) AND ( MiddleScreenYell >
MiddleScreenBlue )

{BEARISH}
Cross( StochLagging, StochRed ) AND ( MiddleScreenYell <
MiddleScreenBlue )

{
Breakout Notifier }
UpperSupportNow := Mov( OPEN, 10, E )
LowerSupportNow := Mov( CLOSE, 8, E )
PrevUpperSupport := Ref( Mov( OPEN, 10, E ), -1 )
PrevLowerSupportNow := ref( Mov( CLOSE, 8, E ), – 1 )
TRUE := 1
FALSE := 0
SignalledHigh := FALSE
SignalledLow :=FALSE

{
BULLISH }
IF ( ( L > UpperSupportNow ) AND ( Ref( L, -1 ) >
PrevUpperSupport ) AND
SignalledHigh = FALSE )
THEN
SignalledHigh := TRUE
IF ( SignalledHigh = TRUE )
THEN
SignalledLow :=FALSE

{BEARISH}
IF ( ( H < LowerSupportNow ) AND ( Ref( H, -1 ) >
PrevLowerSupport ) AND
SignalledLow = FALSE )
THEN
SignalledLow := TRUE
IF ( SignalledLow = TRUE )
THEN
SignalledHigh := FALSE

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