Abbreviation: Avg Envelope High Breakout
Category: Crossover & Breakout Identification
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| Avg 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 = Avg Envelope High(Time Series, Avg Periods, Envelope Fraction)
Avg Envelope High represents Simple: Avg Envelope High
Discussion:
Indicates the period when a Time Series has just broken out above its Simple Moving Average Envelope High.