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Flat Base Consolidation

Category: Screeners By: Nicolas Created: January 18, 2016, 3:05 PM

January 18, 2016, 3:05 PM

Screeners

6 Comments

This is a stock screener that spot the consolidation of price in a narrow box over the last 5 weeks. Price range of the last 5 candlestick must be inferior of a 15% consolidation pullback.

Stop limit order maybe place at top of the box on a daily timeframe.

TIMEFRAME(weekly)
fast = average[10](close)
slow = average[40](close)
spread = ((fast/slow)-1)*100
flatrange = ABS((lowest[5](low)-highest[5](high))/close)*100

c1 = fast>slow AND spread>10 AND close>fast AND flatrange<=15

SCREENER[c1]

Download

Filename: Flat-Base-Consolidation.itf

Downloads: 272

Nicolas Legend

I created ProRealCode because I believe in the power of shared knowledge. I spend my time coding new tools and helping members solve complex problems. If you are stuck on a code or need a fresh perspective on a strategy, I am always willing to help. Welcome to the community!

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Comments

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IAmShareCrazy

2 years ago

Is it possible to change the range and have it between 2 weeks and 8 weeks?

Talero125

9 years ago

Thank you! Very kind

Talero125

9 years ago

I would like to ask you what does spread mean? Thank you

Nicolas

9 years ago

In this case Spread is the difference in percentage between the 2 moving average

Sofitech

10 years ago

Est-il envisageable de créer une box de consolidation sur x bougies utilisable sur des timeframe intraday (M5, M15) voir des tickcharts (bougies en 70 ticks)... une box tracée sur le chart pour la V3 par exemple

Nicolas

10 years ago

Oui c'est très faisable, ouvre un topic stp dans le support probuilder francophone et on le fera ensemble là bas.

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