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scan for channels

tradecast
tradecast ✭
in Scanning
I am new to all of this, is their a way to build a scan that will find channels on charts?

Comments

  • markd
    markd mod
    The scan engine returns symbols that fit the conditions you specify.

    You can write scans that use the Price Channels indicator. You would have to decide what you wanted to know about those channels - maybe get symbols where the price channel is rising, or falling, or getting narrower, etc. Or maybe look for symbols with a price channel breakout up or down. You would have to figure out what length you want for the Price Channel.

    More on price channels here, including suggested scans:

    https://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:price_channels

    There is no scan method for finding trend channels, however. You would have to draw those by eye on the annotation tool.

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