This flag consolidation setup stock screener will help you find with ease good potential entry points for long setup for stocks which have made a recent Volume spike and a sharp move.
Here is how it has been formulated:
This stock screener had been developed following a request in the screener forum:
https://www.prorealcode.com/topic/screener-for-stock-trading-flags/
//PRC_Flag stock screener | screener
//22.10.2020
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
c1 = summation[10](volume crosses over average[20](volume))>0
a = summation[3](close-average[7]/average[7])
diff = square(a-a[1])
avg = average[200](diff)+std[200](diff)*.8
c2 = summation[10](diff crosses over avg)>0
c3 = average[7]>average[200] and close>average[200]
c4 = high<highest[3](high)
c = c1 and c2 and c3 and c4
screener[c]