I came across a "Expansion Breakout formula" in Metastock and have tried to convert in Fchart Pro for your analysis:
Expansion Breakout [Long] :
(H = HIGHEST_H[42]) AND (TR >= TR[1]) AND (TR >= TR[2])
AND (TR >= TR[3]) AND (TR >= TR[4]) AND (TR >= TR[5])
AND (TR >= TR[6]) AND (TR >= TR[7]) AND (TR >= TR[8])
AND (TR >= TR[9])
For tomorrow's Buy : Buy above todays High + 0.125 and Stop : Yesterday's close - 1.0
Expansion Breakout[Short] :
(L = LOWEST_L[42]) AND (TR >= TR[1]) AND (TR >= TR[2])
AND (TR >= TR[3]) AND (TR >= TR[4]) AND (TR >= TR[5])
AND (TR >= TR[6]) AND (TR >= TR[7]) AND (TR >= TR[8])
AND (TR >= TR[9])
For tomorrow's Sell : Sell below todays Low - 0.125 and Stop : Yesterday's Close + 1.0
Cheers
Himadri
Expansion Breakout [Long] :
(H = HIGHEST_H[42]) AND (TR >= TR[1]) AND (TR >= TR[2])
AND (TR >= TR[3]) AND (TR >= TR[4]) AND (TR >= TR[5])
AND (TR >= TR[6]) AND (TR >= TR[7]) AND (TR >= TR[8])
AND (TR >= TR[9])
For tomorrow's Buy : Buy above todays High + 0.125 and Stop : Yesterday's close - 1.0
Expansion Breakout[Short] :
(L = LOWEST_L[42]) AND (TR >= TR[1]) AND (TR >= TR[2])
AND (TR >= TR[3]) AND (TR >= TR[4]) AND (TR >= TR[5])
AND (TR >= TR[6]) AND (TR >= TR[7]) AND (TR >= TR[8])
AND (TR >= TR[9])
For tomorrow's Sell : Sell below todays Low - 0.125 and Stop : Yesterday's Close + 1.0
Cheers
Himadri