Price compression after bearish gap

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  • #47599 quote
    simonsanchezjsimonsanchezj
    Participant
    New

    Hello, I am looking for a screener to detect a bearish gap followed buy ~10-15 candles showing a compression of the price/Bollinger bands.

     

    Thanks

    #47696 quote
    NicolasNicolas
    Keymaster
    Legend

    You can give a try with this code:

    hh=highest[10](high)
    ll=lowest[10](low)
    
    rangevar=(hh-ll)/Close*100
    
    bvar = (Low[1]-Open)/Close*100
    b1 = Open<Low[1]
    b2 = bvar>0.2
    b3 = rangevar<3
    
    c = b1[11] and b2[11] and b3
    
    screener[c](rangevar)

    I know what you mean, so this screener is not visually perfect I guess.. Just give feddback or example(s) if you have some. Thanks.

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Price compression after bearish gap


ProScreener: Market Scanners & Detection

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This topic contains 1 reply,
has 2 voices, and was last updated by NicolasNicolas
8 years, 11 months ago.

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Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 09/28/2017
Status: Active
Attachments: No files
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