This code snippet demonstrates how to calculate and screen stocks where multiple moving averages are within a specified percentage range of the current closing price. This is useful for identifying stocks with converging short-term, medium-term, and long-term trends.

percentage = 0.25
a = exponentialaverage[6]
b = average[10]
c = exponentialaverage[20]
upper = max(max(a,b),c)
lower = min(min(a,b),c)
d = ((upper - lower) / close) * 100
e = d <= percentage
SCREENER[e]

Explanation of the Code:

• percentage = 0.25: This line sets the threshold percentage. The moving averages must be within 0.25% of the closing price to pass the screen.
• a = exponentialaverage[6]: Calculates the 6-period exponential moving average of the price.
• b = average[10]: Calculates the simple 10-period moving average of the price.
• c = exponentialaverage[20]: Calculates the 20-period exponential moving average of the price.
• upper = max(max(a,b),c): Determines the highest value among the three moving averages calculated.
• lower = min(min(a,b),c): Determines the lowest value among the three moving averages calculated.
• d = ((upper - lower) / close) * 100: Calculates the percentage range between the highest and lowest moving averages relative to the closing price.
• e = d <= percentage: Evaluates whether the calculated percentage range (d) is within the specified threshold (0.25%).
• SCREENER[e]: Uses the result of the evaluation (e) to screen stocks. If 'e' is true, the stock will be included in the output list.

This snippet is particularly useful for traders or analysts looking to identify stocks where key moving averages are tightly grouped, potentially indicating a consolidation phase or a preparation for a breakout.