Post bubble retracement, hope for a new bubble ?
May 22, 2019, 9:23 AM
Screeners
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Hello
Inspired by crypto pattern , I designed this screener.
End of Bubble pattern could be defined by
- ratio all time high / all time low >5
- Retracement 0.782 and close> 0,1 amplitude + low
- volume * price filter
Some stock will stay flat forever or go to 0.
Some could rebound with violence and a strong amplitude
If high>ATH then
ATH= High
Else
ATH=ATH[1]
Endif
//ATL All time low identification
If low<ATL or ATL=0 then
ATL=Low
else
ATL=ATL[1]
Endif
fullrange = abs(ATH-ATL)
fibo786 = ATH-(fullrange*0.786)
level900= ATH-(fullrange*0.9)
position= close< fibo786 and close >level900
amplitude= ATL*5<ATH
volumeprix=volume*close>100000
screener[ position and amplitude and volumeprix]
Download
Filename:
Bubble-correction-v2.itf
Downloads:
157
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Martigny (before Vevey)
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