Break Out Analysis Tool

Break Out Analysis Tool

This break out analysis tool allows us to set a look back period (p) and then analyses breakouts of that periods highest high and lowest low in the next p bars. It can then return the results in three formats.:

  • The quantity of breakouts and their conclusion.
  • The percentage of breakouts and then the percentage of their conclusions.
  • The Profit/Loss if you had gone long or short at a break out price and then sold at the end of the p long period.

In the percentage return ‘% green datum’ and ‘% red datum’ are the percentage of ups or downs when comparing close to open of the p test period. So for example if p = 7 then how many 7 bar periods end up or end down. This is just to give us a market datum to compare to.

It is possible to add or subtract a percentage to the highest high and lowest low breakout levels by changing the ‘Percent’ variable.

It is also possible to include a fixed spread in the profit and loss calculations by changing the ‘Spread’ variable.

Turn on and off the displayed lines for percentage, profit and loss and quantities using the tick boxes to make the output easier to read.

So for example in the images attached we can see that on the DJI daily if we set our p to 7 days then it checks for breakouts of the highest high and lowest low of every seven day period in the seven days following that period. It then simulates profit/loss if you closed the trade at the end of that seven day period.

10485 sets of data were analysed and there were 5756 breakouts in the test. 3239 breaks of the highest high (31% of the time) and 2517 breaks of the lowest low (24% of the time).

Our green datum is 57% and our red datum is 43% meaning that if at anytime we had just gone long then we would have been right 57% of the time at the end of the 7 days and wrong 43% of the time.

58% of the time a low break resulted in the closing price being higher than the break price at the end of the seven days.

If you had been going short at every 7 day high break price and expecting it to close below the low break price then you would have only been successful 0.03% of the time.

57% of low breaks close somewhere between the low break price and the high break price. Only 1% of the time is a low break price hit and then the close is above the high break price.

If you had been going long at the low break price of every seven day period and sold at the end of the following 7 day period then you would have a profit of £51755 with a 3.8 spread.

If you had been going short at the low break price of every seven day period and sold at the end of the following 7 day period then you would have a loss of £70884.

Obviously there is a lot more information but the above highlights some of the stand out analysis.

Hopefully this break out analysis tool can help us understand each instruments characteristics and increase our probability of trading in the most profitable direction at a break out.

I suggest downloading and importing the ITF file to get full functionality.

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. luxrun • 08/28/2019 #

    Vonasi, is it possible to have a screenshot of an index chart (eg djia) and below the breakout analysis tool result? Maybe with your comment on statistical metrics? Great job!

  2. Vonasi • 08/28/2019 #

    I can’t add any images here now that the library post has been listed. Perhaps you could start a topic in the forums to start a discussion on the breakout characteristics of various markets.

    • Aragorna • 231 days ago #

      Hi Vonasi,
      is there a reason why it does not work anymore in new version ePRT Platform? thank’s in advance

  3. Vinks_o_7 • 08/28/2019 #

    Thanks again Vonasi !

  4. Bard • 08/28/2019 #

    Thank you, this is a great tool @Vonasi, especially for those that used to like shorting Indices!
    Better have great entry timing or else (monthly breakout on DIA)… https://www.dropbox.com/s/x7v41p4cuz4xrq5/mkt%20temperature.png

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
jacquesgermain sì da aggiungere
Maik2404 auf welchen Wert muss ich die Kompresionsperiode stellen?
jacquesgermain — Période de compression : ce paramètre détermine la période de rétrospection utilisée pour ...
Roland57800 Bonjour Noobywan, si je comprends bien l'utilisation de ce code que je trouve particulièr...
Noobywan Bonjour, quand la question a été posée dans le forum à celui qui avait fait la requête en am...
Fabian This Code draws only a retangle if the condition has been confirmed and NOT before (in that ...
Manu L. Bonjour Nicolas, j'ai créé un screener avec l'aide à la prog en TF weekly mais je voudrai...
wtangsiri C'est exactement le même signal que donne le croisement et le décroisement de deux EMA (7 et...
PHAN100 bonjour, j'ai un bug sur le programme recopié prorealtime me dit qu'il y a un problème à ...
PHAN100 bonjour, bravo à l'auteur pour cet indicateur visuel sur le graphique, il nous reste à va...
yeoreum Thank you very much for the screener, it reminds me on Minervini VCP. How to change th...
reecet any codes like this but in minutes and hours rather than days?
PHAN100 bonjour, je viens de tester ce screener, je constate une anomalie...il ne renvoie pas l'e...
Oxxoz Re bonjour Vivien, Il me smeble que 3 mois, c'est 60 séances. Cordialement,
Vinks_o_7 thanks ...and It can be used on a monthly and weekly basis by changing just the duration in ...
nicko Many Thanks Viv. It looks good
Nokis Bonjour Vivien, Comment je peux faire pour adapter ton code afin: De cibler les sociétés q...
sam00075 I tried it today and it gave great results. So a big Thanks !
Bard Hi @Vonasi, this is an excellent tool! I noticed you times by 180 and was wondering why? W...
Bard I have no idea what is wrong with the posting on this website. I have problems editing posts...
Bard And now my first post displays okay? It literally had copies of my orig post all added toget...
Bard Hi @Vonassi, just wondering if you'd had a chance to take another look at developing this gr...
Vonasi Sorry - I'm not coding anything at the moment.
IG_CFD_Trader Hi Vonassi, Your coding skills in PRT are amazing. Keep up the great contributions. I have...
Vinks_o_7 Vonasi you're a beast !!! ;-)))
pableitor Amazing indicator , you are pushing PRT to the limit! But looking at the scatter its not c...
carpentier Joffrey Bonjour à tous, Avant tout merci pour ce travail, cependant je suis bloqué quand je l'insta...
carpentier Joffrey Re, C'est ok, j'ai trouvé mon erreur... Cependant sur quel base peut on calculer son CALC...
Aragorna Hi Nicolas, How is it possible to use it in a higher timeframe plotted on a lower timeframe?...
sycomore Ça ne fonctionne sur aucune valeur, je dois être trop con...
Nicolas il faut appliquer l'indicateur sur le prix.
AntoGH Je crains de ne pas comprendre... Cela indique la probabilité de la prochaine bougie ou donn...
Vonasi Yes that was the issue. I have posted an updated ITF file here: https://www.prorealcode.com/...
crolakstrading @vonasi Thank you for fixing the issue! This is a great indicator.
gregoire good evening vonasi , I had made the request to create this indicator a few years ago and I ...
tobytarczy Hi Vonasi, Sounds lovely, I race yachts around europe myself. Most regattas cancelled unfor...
mlouys Hello Vonasi thank for your work ! A question how can we do it for minutes ( or 15 min or x ...
Vonasi I think that would be possible but probably in a whole new indicator as detecting when a new...
sir_i Bonjour à tous, Je suis nouveau sur le forum et sur la plateforme, pourriez-vous me dire com...
Nicolas Il faut simplement l'appliquer sur le prix.
sir_i Merci pour la réponse, je ne suis pas familier avec l'application de cette procédure simple,...

Top