Analysis Techniques & Strategies

$image\insert_showme.gif$ Brkout of X Bar High (ShowMe)

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Input Information

Name	Expression	Default	Description
Length	Numeric	14	The number of bars used to calculate the highest High.

Description

Brkout of X Bar High marks the high of any bar whose High is higher than the High of any of the previous bars referenced by the study. The Length input specifies the number of bars considered by the study.

Brkout of X Bar High is most useful in trending markets and can indicate upward trending markets. Several bars marked consecutively could be an indication of a surge in price suggesting a possible breakout pattern. However, several bars marked consecutively may also indicate a trend is topping out and a reversal is imminent.

Related Functions

Highest