CBrkUp -
Consolidation Breakout Up
CBrkDn -
Consolidation Breakout Up
CBrkDiff -
Consolidation Breakout Difference
These 3 studies are used in conjunction with each other to scan for Consolidation Breakouts up and
Consolidation Breakouts Down.
Parameters:
BarsBack - The number of bars back from the current bar. This is the range of bars
from which the low is returned in the BDn OutputIndicator
Arguments:
None
Output Indicators:
Pts - The Highest High and Lowest Low of the last BarsBack Bars is found
and the difference of these two values are used to calculate the
Points(Pts) difference.
Pct - This is the same as Pts, but it's calculated as a percentage of the symbol
Price
Example:
Study Name Expanded in a 3 minute timeframe:
I3_CBrkDiff(10)_I3
This study determines range of the last 10 bars of the 3 minute time frame.
The output indicators names are appended to the studyname,
that is if the studyname is sn1 then
the outputindicator is
sn1::Pts
sn1::Pct
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