Compression Range breakout

• 10/10/2017 at 9:57 AM #48880
  lglmrc

  Hello,

  I’m wondering how to build a screener for identifying range breaks.

  I’d like to screen for compression ranges breakouts with expanded volume.

  The screener should try to find charts’ setups with narrow ranges (also known as consolidation ranges) with above average volume.

  I was thinking to use some sort of summation function to identify such consolidation ranges and relative volume for aexpanded volume.

  Any help would be much appreciated.

  Thanks in advance,

  Marco L.

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  Dr Manhattan

  

  lglmrc

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