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Bollinger Bands

joelscapes
joelscapes ✭
in Scanning
Is there anyway to scan for stocks with Bollinger Band Squeeze setups, where band width today is at its 6 month low?

Answers

  • markd
    markd mod
    edited August 2015
    Try this:

    and [BB Width(20,2) = min(125, BB Width(20,2))]

    125 is roughly the number of trading days in six months.

    You can verify the results by adding the BB Width indicator to your charts.

    Now that SC does international markets, you will probably want to limit the results to the markets you actually want to trade in - so for instance:

    [type = stock]
    and [country is US]

    or you could do it by exchange:

    [type = stock]
    and [[exchange is NYSE] or [exchange is NASD]]

    Don't forget the double brackets around the "or" terms.

    You can scan for anything in the "Technical Indicators" drop down on the advanced scan page. It's worth the time to watch the videos on scanning and to read the tutorials.

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