here is a breakout scan in metastock, you used to be able to put it into TC2000. Haven't used TC in 2 years time.
Ref(HHV(H,21),-3)/Ref(LLV(L,21),-3)<1.2 AND HIGH>Ref(HHV(H,21),-1) AND VOLUME>Mov(VOLUME,180,S)
Basing is Accumulation or distribution. you wait for breakout to determine direction. the longer the base, the bigger the move. Before breakout, volume usually dies to 1/2 or less of average.
If base is longer than 90 days, you might expect a 63% move out of it. Set TC for a 19% scale on price, screen show charts and you can see bases and breakouts in past.
|
