GROK - 40 Day High Breakout

Title: GROK - Customizable High Breakout Detector

To scan base breakout with Pine Screener


Description:
This Pine Script indicator identifies high breakout patterns based on a user-defined lookback period. By default, it checks for a breakout of the 40-day high, but the period can be adjusted to suit your trading strategy. Key features include:

Custom Lookback Period: Easily modify the number of days for high breakout detection. Lookback period is length of base you want to scan using pine screener.

Visual Alerts: Displays a green triangle above the price bar when a breakout is detected.

Alert Conditions: Built-in alert notifications for automated breakout detection.

Screener Compatibility: Plots breakout signals as a histogram for screener use.

This script is ideal for traders looking to identify strong breakout patterns and incorporate them into their strategies.

How to Use:

Adjust the lookback period in the settings to match your desired breakout criteria.
Add alerts for automated notifications when a breakout is detected.
Use the visual markers and histogram to analyze breakout patterns on your chart.