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BB Squeeze Scan Problem Rate this Topic:
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bill_h2386
Posted : Thursday, April 04, 2019 11:37:14 AM
Registered User
Joined: 1/19/2019
Posts: 2

Hello! I am attempting to use a formula for a Bolinger Band Squeeze scan that I came across. When I enter the formula, it says "formula error". Any ideas on what I need to modify to run the scan? Thanks in advance.

 

[type = stock] and [country = us] and [daily sma(20,daily volume) > 250000] and [daily bb width(20,2.0,daily close) <= daily close * 0.06]

bill_h2386
Posted : Thursday, April 04, 2019 11:40:48 AM
Registered User
Joined: 1/19/2019
Posts: 2

Also, is there a way to adjust the band width to 6% of the 20-day MA, rather than 6% or less of the close? Thanks again. 

Bruce_L
Posted : Thursday, April 04, 2019 12:21:41 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

That formula definitely isn't a TC2000 formula. In TC2000 it would be:

AVGV20 > 250000 AND 4 * STDDEV20 <= .06 * C

You can change that .06 to something else if you want pretty easily.



-Bruce
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