Scan for consolidation

gtsipe

Can someone please tell me how I might set up a scan for stocks in a long term uptrend that have been consolidating over the last 20 or more days? Thanks GT Sipe

markd

You could get some ideas here:

https://support.stockcharts.com/doku.php?id=scans:library:sample_scans

also here:

https://support.stockcharts.com/doku.php?id=scans:advanced_scan_syntax:consolidation_breakouts

You might be able to do something with SCTRs and Bollinger Band Width - test for a high SCTR, maybe > 80 and a very low BBWidth - maybe min 21 (meaning lowest value in last 21 trading days - 21 trading days is about a month), so BBWidth would go inside the min function min(21, BBWidth(??)).

Using the min and max functions is explained here:

https://support.stockcharts.com/doku.php?id=scans:advanced_scan_syntax:min_max_scans

You can select indicator items from the drop downs under the scan window on the scan workbench and then edit.

If you get stuck, post what you have.