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AlchemyBreakout (Function)

AlchemyBreakout is a multiple-output function that returns all of the values of the Alchemy Breakout Indicator.  The value of the High plot is passed by reference back to the variable oHigh. The value of the Low plot is passed by reference back to the variable oLow. The value of the Mid plot is passed by reference back to the variable oMid.  The value of the Breakout plot is passed by reference back to the variable oBreakOut.  The function returns 1 when price breaks up through the High plot, the function returns -1 when price breaks down through the Low plot.  Otherwise the function returns 0.

AlchemyBreakout (HighPrice,HighLength,LowPrice,LowLength,MidPnt,oHigh,oLow,oMid,oBreakOut)

Parameters

 

HighPrice

Specifies the price for the High line plot.

HighLength

Specifies the length for the High line plot.

LowPrice

Specifies the price for the Low line plot.

LowLength

Specifies the length for the Low line plot.

MidPnt

Specifies the percentage of the Mid line plot, whereas a value of 50 calculates the Mid line at 50 percent between the High and the Low line.
oHigh Returns the value of the High line plot.
oLow Returns the value of the Low line plot.
oMid Returns the value of the Mid line plot.
oBreakOut Returns the value of the Breakout plot.

 

Returns

AlchemyBreakout is a multiple-output function that returns all of the values of the Alchemy Breakout Indicator.  The function returns 1 when price breaks up through the High plot, the function returns -1 when price breaks down through the Low plot.  Otherwise the function returns 0.

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