Abbreviation:
Category: Crossover & Breakout Identification
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Periods | Int >= 1 | 5 |
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 = High Price
Y = Lag(PriceHigh(High Price, Periods), 1)
PriceHigh represents Price High
Lag represents Lag
Discussion:
Indicates the period when a High Price has just broken out above its High Channel. Because a signals a rise in the price, it is traditionally used as a signal to enter a long position or to exit a short position.