The situation where price has peaked in a trending phase and the price subsequently prints a lower rally price bar. A downtrendline can be drawn from the highest rally price bar to the lower rally price bar. I find that when the downtrendline is broken, that the trending phase resumes within quick fashion. .
Can you advise what exploration metastock code/formula would scan for the described upward breakout of the downtrendline in an upward trending stock.
