Hello, I’m new to ProRealTime and already see how powerful it is. I’d like help creating a breakout screener to find symbols that may be ready to break out. Maybe such an indicator already exists or something close that I can build on.
Goal: detect setups where price forms equal swing highs or lows (potential breakout zones).
This would be used for stocks.
Requirements:
- Scan on 1-minute timeframe
- Use only today’s session, starting from premarket
- Define a swing point (“peak”):
- High peak: highest high vs 3 bars left and right
- Low peak: lowest low vs 3 bars left and right
- Confirm after 3 bars to the right (detection delay)
- Equal high/low detection:
- Round prices to 2 decimals (e.g. 216.351 → 216.35)
- Group peaks by rounded price
- Plot horizontal lines where 2 or more equal peaks occur
- Detect only unbroken grouped peaks (price hasn’t crossed the line yet)
There could be 3 or even more equal swings, which I would want to screen for, but for now just start with 2
My goal is to automatically identify symbols on the chart that have unbroken equal highs or lows, which could signal potential future breakouts if the setup is valid — without manually checking too many symbols on a such small timeframe.
This is how pattern look like visually what screener must find ( attached screenshots)
<!– notionvc: 8e3e600f-ab89-42bb-a3a8-d5fb13ddb9b6 –>
This is the indicator that plots GEEN and RED arrows:
N = 0.02 * Pipsize
Peak1 = (high[3] > high[4]) AND (high[4] > high[5]) AND (high[5] > high[6])
Peak2 = (high < high[1]) AND (high[1] < high[2]) AND (high[2] < high[3])
Peak = Peak1 AND Peak2
PeakSignal = 0
IF Peak THEN
PeakHigh = high[3]
PeakhBar = BarIndex[3*2]
IF round(abs(PeakHigh - PeakHigh[1]),2) <= N THEN
PeakSignal = max(PeakHigh,PeakHigh[1])
ENDIF
ENDIF
Trough1 = (low[3] < low[4]) AND (low[4] < low[5]) AND (low[5] < low[6])
Trough2 = (low > low[1]) AND (low[1] > low[2]) AND (low[2] > low[3])
Trough = Trough1 AND Trough2
TroughSignal = 0
IF Trough THEN
TroughLow = low[3]
TroughBar = BarIndex[3*2]
IF round(abs(TroughLow - TroughLow[1]),2) <= N THEN
TroughSignal = min(TroughLow,TroughLow[1])
ENDIF
ENDIF
IF PeakSignal THEN
DrawArrowDOWN(BarIndex[3],PeakSignal + Range[2]) coloured("Red")
DrawSegment(BarIndex,PeakSignal,PeakhBar,PeakSignal) style(line,2) coloured("Red")
ELSIF TroughSignal THEN
DrawArrowUP(BarIndex[3],TroughSignal - Range[2]) coloured("Green")
DrawSegment(BarIndex,TroughSignal,TroughBar,TroughSignal) style(line,2) coloured("Green")
ENDIF
RETURN
please check whether the arrows are plotted correctly.
This is the screener:
N = 0.02 * Pipsize
Peak1 = (high[3] > high[4]) AND (high[4] > high[5]) AND (high[5] > high[6])
Peak2 = (high < high[1]) AND (high[1] < high[2]) AND (high[2] < high[3])
Peak = Peak1 AND Peak2
Signal = 0
IF Peak THEN
PeakHigh = high[3]
IF round(abs(PeakHigh - PeakHigh[1]),2) <= N THEN
Signal = 2
ENDIF
ENDIF
Trough1 = (low[3] < low[4]) AND (low[4] < low[5]) AND (low[5] < low[6])
Trough2 = (low > low[1]) AND (low[1] > low[2]) AND (low[2] > low[3])
Trough = Trough1 AND Trough2
IF Trough THEN
TroughLow = low[3]
IF round(abs(TroughLow - TroughLow[1]),2) <= N THEN
Signal = 1
ENDIF
ENDIF
SCREENER[Signal AND (high <> low)](Signal AS "1=Up,2=Down")
