Bollinger Bands Expansion

Category: Screeners By: Nicolas Created: January 18, 2016, 8:57 AM
January 18, 2016, 8:57 AM
Screeners
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This screener attempt to fetch stocks where the Bollinger Bands width has been increasing on the daily timeframe (5 days increased in the same row) and reached a new highest value over the last 24 weekly periods (approximately 6 months).

 

TIMEFRAME(WEEKLY)
UpperBandW = BollingerUp[20](close)
LowerBandW = BollingerDown[20](close)
BollingerDiffW = UpperBandW-LowerBandW
condition1 = BollingerDiffW>=Highest[24](BollingerDiffW)

TIMEFRAME(DAILY)
UpperBandD = BollingerUp[20](close)
LowerBandD = BollingerDown[20](close)
BollingerDiffD = UpperBandD-LowerBandD
condition2 = BollingerDiffD[5]<BollingerDiffD[4] AND BollingerDiffD[4]<BollingerDiffD[3] AND BollingerDiffD[3]<BollingerDiffD[2] AND BollingerDiffD[2]<BollingerDiffD[1]

SCREENER [condition1 AND condition2](BollingerDiffD)

 

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Filename: Bollinger-Bands-Expansion.itf
Downloads: 213
Nicolas Master
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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