Abbreviation: BB High Breakout
Category: Crossover & Breakout Identification
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| Periods | Int >= 2 | 20 |
| StndDev Multiplier | Real > 0.0 | 2 |
Calculation:
If (X > Y) and (most recent previous period where X did not equal Y, X was less than Y) then 1
Otherwise 0
where
X = Time Series
Y = BBHigh(Time Series, Window Size, StndDev Multiplier)
BBHigh represents Bollinger Band: High
Discussion:
Indicates the period when a Time Series has just broken out above its Bollinger Band High Channel.