Breakout Range 2
For interpretation refer to the August 2000 issue of Technical Analysis of STOCKS & COMMODITIES magazine.
var
lb:=4;
{ number of periods in look back }
event:=H > Highest(H\1\, lb);
bs:=0;
end_var
{calculating bars since}
if HistorySize>1 then
begin
if not event then bs:=bs\1\+1;
else bs:=0;
end;
if event and (bs\1\ >= lb) then
return bs\1\;
return 0;
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