Study of CAH tool in a monthly chart of a US stock FB
Historical study of using CAH tool in EasyBee59 for TradingView with a monthly chart of a US stock FB:
In this chart, a white supply line connecting the highest points of the first two months was drawn. When the monthly price broke above this supply line and the first "CAH" or "Close Above High" label was printed on the chart by EasyBee59, a buy order was hypothetically sent for a long position at the open price of the next month. If this long position was held up until now (20190617), the return of this investment could have reached 650%.
In this chart, a white supply line connecting the highest points of the first two months was drawn. When the monthly price broke above this supply line and the first "CAH" or "Close Above High" label was printed on the chart by EasyBee59, a buy order was hypothetically sent for a long position at the open price of the next month. If this long position was held up until now (20190617), the return of this investment could have reached 650%.
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Please do not ask about access to use scripts in the script's comment section.