Breakout scan from daily to hourly

ReyHak

Member
Hi all,
How do I change this code from daily to hourly please?

#follow @KRose_TDA on twitter for updates to this and other custom scripts
#
#Script below is meant to find stocks breaking above a resistance point in the last 3 days.
#input the length of the lookback for resitance level broken into line 5 default is 15
Input Length = 15;
def price = close;
def HighPrice = fold counter = 2 to length with holder = 0 do if high[counter] > holder then high[counter] else holder;
def trig = if (close[1]<highPrice and close > HighPrice)then 1 else if (close[2]<highPrice and close[1] > HighPrice and close > HighPrice)then 2 else if (close[3]<highPrice and close[2] > HighPrice and close > HighPrice)then 3 else 0;
AddLabel(yes, if trig >0 then "BreakOut "+ trig else " ",Color.PLUM);
AssignBackgroundColor(if trig then color.YELLOW else color.white);
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
410 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top