Intraday volatility explosion screener

Intraday volatility explosion screener

This screener is an attempt to find price volatility explosion in intraday. The code spots if the last activity of the Bollinger bands were quiet before it breaks up or down a keltner channel made of typical price moving average. 

The default parameters work well for forex on a 5 minutes timeframe.

You can try and explore the parameters for any instrument and timeframe horizons. If you find better parameters or ideas to complete this code, I would be glad to improve it.



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  1. besserwerden • 04/28/2016 #

    Hallo Nicolas,

    I think this is a great Idea.

    I tried a screener “Hammer breakout within 4 bars after the occure of a hammer”

    So the screener should deliver all shares with a hammer and with a close over the high of the hammer with the first, the second, the third or at least with the fourth bar.

    I tried various hours, but I couldnt get a perfect working screener. Could you help me?

    Best regards

  2. besserwerden • 04/28/2016 #

    // Hammer up
    Hup = close[i]>high[i+1]
    Hdown = close[i]open(i+1) and high(i+1)=close(i+1) and (open(i+1)-low(i+1))>=2.5*(close-open)
    //Candles lookback
    TIMEFRAME (daily)

    countd = 0
    for i = 1 to xCandles do
    b1 = (Hup=0)
    b2 = (Hdown=0)
    if Hammer and b1 and b2 then
    countd = countd+1
    c1=Hammer and Hup and countd<=xCandles

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