Find stocks touching a previous demand zone

• 12/05/2025 at 4:36 PM #254293
  MrMagic

  Hi everyone,

  I’m trying to build a ProScreener that identifies stocks which are currently touching a previous demand zone, based on the last 50 candles.

  My requirements are:

  1. Price below $20

  2. Average volume > 1,000,000

  3. Current price touching or very close to a previous demand zone

     – Ideally the screener should detect the most recent demand area, swing low or support

      

     Thank you.

   

   

  

  MrMagic

  Participant

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  12/05/2025 at 4:51 PM #254297
  MrMagic

  My screening requirements:

  • Price < $20

  • Average volume (50-period) > 1,000,000

  • Current price has returned to a previous demand zone, defined as either:

  Scenario 1 — Classic demand zone (swing-low base):

  A cluster of equal or similar lows forms a base, followed by a strong bullish move.

  I’d like the screener to detect when price later comes back down into that base area.

  Scenario 2 — Breakout-retest zone:

  Price breaks above a recent consolidation / mini-range, then later pulls back to retest the top of that range.

  I’d like this retest area to also be treated as a demand zone.

   

  I am happy for the screener to detect either scenario.

  If ProRealTime cannot code a full “zone,” I’m happy with an approximation such as:

  • the most recent swing-low level (within the last 50 candles),

  • and price currently touching / within a small tolerance of that level.

  

  MrMagic

  Participant

  Topics: 19

  Replies: 39

  Been thanked: 6 times
  12/08/2025 at 12:05 PM #254346
  Iván

  Here you have a example of screener:

  // ------------------------------------ // INPUTS // ------------------------------------ // Price and Volume constraints priceCap = 20 volCap = 1000000 volLength = 20 // Moving average period for volume // Lookback period for the demand zone (Support) lookback = 50 // Tolerance to define "touching" or "very close" (0.02 = 2%) tolerance = 0.02 // ------------------------------------ // FILTERS CALCULATION // ------------------------------------ // Calculate Average Volume avgVol = Average[volLength](Volume) // Conditions for Price and Volume c1 = Close < priceCap c2 = avgVol > volCap // ------------------------------------ // DEMAND ZONE IDENTIFICATION // ------------------------------------ supportLevel = Lowest[lookback](Low)[1] // ------------------------------------ // PROXIMITY LOGIC // ------------------------------------ // Upper limit and lower limit zoneTop = supportLevel * (1 + tolerance) zoneBot = supportLevel * (1 - tolerance) c3 = Low <= zoneTop AND Close >= zoneBot // ------------------------------------ SCREENER[c1 AND c2 AND c3] ((Close - supportLevel) / supportLevel * 100 AS "% Dist to Supp")

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  // ------------------------------------ // INPUTS // ------------------------------------ // Price and Volume constraints priceCap = 20 volCap = 1000000 volLength = 20 // Moving average period for volume // Lookback period for the demand zone (Support) lookback = 50 // Tolerance to define "touching" or "very close" (0.02 = 2%) tolerance = 0.02 // ------------------------------------ // FILTERS CALCULATION // ------------------------------------ // Calculate Average Volume avgVol = Average[volLength](Volume) // Conditions for Price and Volume c1 = Close < priceCap c2 = avgVol > volCap // ------------------------------------ // DEMAND ZONE IDENTIFICATION // ------------------------------------ supportLevel = Lowest[lookback](Low)[1] // ------------------------------------ // PROXIMITY LOGIC // ------------------------------------ // Upper limit and lower limit zoneTop = supportLevel * (1 + tolerance) zoneBot = supportLevel * (1 - tolerance) c3 = Low <= zoneTop AND Close >= zoneBot // ------------------------------------ SCREENER[c1 AND c2 AND c3] ((Close - supportLevel) / supportLevel * 100 AS "% Dist to Supp")

  2 users thanked author for this post.

  robertogozzi, MrMagic

  

  Iván

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