Breakout Up

you need to have a premium account at advfn to access this url nowadays though it was free for a short while when it was introduced.

I use metastock and sharescope to look for breakouts though I usually find that a simple approach to support and resistance is best - eg. a stock that's making a new high today but didn't yesterday.

You can also look for volume and gaps for additional information.

advfn gives real-time info though I only have end of day tools.

I've tried a variety of methods for finding good trading candidates and from a TA point of view breakout related signals are the most useful. They also tie in with the concept of buying a stock when it is making new highs.


Junior member
darth trader

I do have have a premium account at advfn, I think I could be breaching thier rules by pasting this information
here. I was just wondering whethr there was a swifter way of looking at support/resistance levels.
Thanks for your comments. By the way I use Market Eye and AIQ.
Had I noticed Royal Sun a few days ago I would have shorted it!
within metastock I use the following code:

c > ref(hhv(c,28),-1) and
ref(c,-1) <= ref(hhv(c,27),-2)

for a short term break through resistance. I'm sure that AIQ will allow you to do something similar.

There are also various other functions available eg. pricechannelhigh()...
sorry, I should add

c is the closing price
hhv() is highest high value of specified period and
ref() is an indexing function eg -1 is yesterday
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