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]

 

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Filename: Flat-Base-Consolidation.itf
Downloads: 271
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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