Squeeze Screener Code

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05/22/2024 at 2:42 PM #232927 quote

sgrech
Participant

Junior

I have been searching the forums for some code without success which helps identifies assets where the Bollinger Bands are squeezing togther during the past (x) periods. Is anyone able to help please. Thanks in advance.

Simon

05/22/2024 at 3:48 PM #232931 quote
JS
Participant

Veteran
Hi Simon,
You can try the screener below…
In this screener, the BBWidth is the “narrowest” over the last 120 (trading) days…
(You can change the number of days)
```
BBWidth=BollingerBandWidth[20](Close)
C1=BBWidth<=Lowest[120](BBWidth) //120 trading days
Screener[C1]
```
05/22/2024 at 4:23 PM #232934 quote

sgrech
Participant

Junior

Thank JS appreciate your reply. On second thoughts what I think I am really looking for is a period (x) of time where the lower and upper bands are moving sideways. Thanks.

05/22/2024 at 10:02 PM #232947 quote

JS
Participant

Veteran

Hi Simon,

I don’t think Bollinger Bands are really suitable for that, Bollinger Bands is more of “inflating” and “deflating” than “sideways”…

Maybe you can use a Dochian indicator instead of the BB…

Might look something like this:

xDiff=DonchianChannelUp[period]-DonchianChannelDown[period]

C1=xDiff=Lowest[period](xDiff)

When a Donchian Channel decreases/shrinks over time, then the probability of an outbreak is higher…?
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Squeeze Screener Code

ProScreener: Market Scanners & Detection

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sgrech @sgrech Participant

Summary

This topic contains 3 replies,
has 2 voices, and was last updated by JS
1 year, 9 months ago.

Topic Details

Forum:	ProScreener: Market Scanners & Detection
Language:	English
Started:	05/22/2024
Status:	Active
Attachments:	No files

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