Scans the market for strong breakouts out of a range. Based on the book quantitative momentum, 52 breakouts yield a higher return than any other type of momentum strategy that looks at historical momentum. This script get scans for high volume breakouts, which usually indicate something fundamental has changed, hence why investors are buying in large quantities.
Scans the market for strong breakouts out of a range. Based on the book quantitative momentum, 52 week breakouts yield a higher return than any other type of momentum strategy that looks at historical momentum. This script get scans for high volume breakouts, which usually indicate something fundamental has changed, hence why investors are buying in large quantities. It scans the market based on 1 week candles. This is done to remove false breakouts from the daily candles.
Scans the market for strong breakouts out of a range. Based on the book quantitative momentum, 52 breakouts yield a higher return than any other type of momentum strategy that looks at historical momentum. This script get scans for high volume breakouts, which usually indicate something fundamental has changed, hence why investors are buying in large quantities.