Multi-Day Resistance Break

Multi-Day Resistance Break\n\nDetect stocks where price breaks through significant resistance levels established over the past 3-5 trading days. This strategy identifies potential trend continuation or reversal breakout setups where institutional participation drives prices above key multi-day price ceilings.\n\nHow it works:\n\nThe strategy first loads historical daily data from the previous 3-5 trading days along with current intraday OHLCV data.\n\nIt calculates the multi-day resistance level using:\nResistance Level = Maximum High of last N trading days\nWhere N = 3, 4, or 5 days.\n\nExample:\nDay 1 High = 1250\nDay 2 High = 1260\nDay 3 High = 1255\nDay 4 High = 1265\nDay 5 High = 1258\nResistance Level = 1265\n\nThe strategy then checks whether current intraday price has broken above this resistance level:\nIs Breakout = Current High > Resistance Level\n\nNext, it verifies this is a fresh breakout by checking previous candles:\nPrevious 5 Candles High = 1263\n1263 < 1265 → Fresh Breakout Confirmed\n\nThe strategy measures breakout strength using:\nBreakout Distance % = ((Current Price - Resistance Level) / Resistance Level) × 100\n\nVolume confirmation is calculated using:\nVolume Ratio = Current Volume / Average Volume of Last 10 Candles\n\nCandle strength is checked:\nCandle Strength = Body Length / Total Candle Range\nStrong candle has body > 50% of range.\n\nResistance age determines how many days the level held:\nResistance Age = Number of days resistance was not broken\n\nThe strategy tracks previous attempts to break this level:\nPrevious Touches = Count of candles within 0.5% of resistance level\n\nSignal Types:\nSTRONG_RESISTANCE_BREAK → Breakout distance >1% with volume ratio >1.5 and candle strength >0.6\nMODERATE_RESISTANCE_BREAK → Volume ratio >1.2 with candle strength >0.5\nMULTI_DAY_BREAKOUT → Resistance level held for 5+ days before breaking\nFALSE_BREAK → Breakout with volume ratio <0.8 or candle strength <0.3\n\nPurpose:\nIdentify stocks breaking through established multi-day resistance levels. Such breakouts often signal the start of a new uptrend, continuation of existing momentum, or institutional accumulation driving prices higher. The multi-day timeframe filters out minor intraday fluctuations and focuses on significant technical levels that have repeatedly rejected price advances.