Abbreviation: LinWgtAvg Envelope High Breakout
Category: Crossover & Breakout Identification
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| LinWgtAvg Periods | Int >= 1 | 5 |
| Envelope Fraction | Real > 0.0 | 0.25 |
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 = LinWgtAvg Envelope High(Time Series, LinWgtAvg Periods, Envelope Fraction)
LinWgtAvg Envelope High represents Linearly Weighted: LinWgtAvg Envelope High
Discussion:
Indicates the period when a Time Series has just broken out above its Linearly Weighted Moving Average Envelope High.