Breakout

Overview

The breakout indicator specifies the number of periods for which the current value is above or below the values before it. When calculating a breakout indicator, the direction of the breakout must be specified, that is an up (max) or down (min) value. The breakout indicator will calculate a value for each record in the dataset.

If the direction is max, then the number calculated is the number of periods you have to go back in order to find a value greater than the current value. If the direction is min, the number calculated is the number of periods back you have to go to find a smaller value.