Hello,
I'm trying to create a scan for an afternoon breakout. The main criteria for the breakout is that the price must move up at least 30% above the high price between open and noon, at any time after noon.
This is meant to run at the end of the day just to check for any occurrences throughout the day. The way I wanted to do that was by getting the high price from open to noon (the morning high), and then checking to see if the price at any point between noon and close (i.e. in the afternoon) was greater than that morning high.
I don't have a lot of experience with thinkscript, but I've tried adapting the code in this post to get what I need. I haven't really been successful. I'm stuck on what a "volume profile" is and how to use it. The documentation is not very helpful.
Any help would be appreciated.
I'm trying to create a scan for an afternoon breakout. The main criteria for the breakout is that the price must move up at least 30% above the high price between open and noon, at any time after noon.
This is meant to run at the end of the day just to check for any occurrences throughout the day. The way I wanted to do that was by getting the high price from open to noon (the morning high), and then checking to see if the price at any point between noon and close (i.e. in the afternoon) was greater than that morning high.
I don't have a lot of experience with thinkscript, but I've tried adapting the code in this post to get what I need. I haven't really been successful. I'm stuck on what a "volume profile" is and how to use it. The documentation is not very helpful.
Any help would be appreciated.