I found a research psychologist: Sir SilentKnight (from Worden/TC2000). He teaches technical analysis at local university; 50+ yrs experience trading , with an intresting screener that seems to grasp momentum and continuation…
His Green Line Breakout screener parameters are described on his website: https://wishingwealthblog.com/glossary/
Would be interesting to create this screener in proreal-time and eventually backtest it…
Is anyone interested to help with it?
There you go:
Timeframe(Yearly)
AllTimeHI = highest[20](high)
Timeframe(Monthly)
MonthHI = highest[3](high)
c1 = MonthHI < AllTimeHI
SCREENER[c1](close AS "Price")
If you are with IG, then you should use it on a MONTHLY chart to overcome the current 254-bar limit.
If you are using PRT’s Premium version, then you can also use it on a Weekly or Daily TFs, as their limit is 1024 bars.