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tedk13
Posted : Sunday, March 4, 2018 2:14:22 PM
Registered User
Joined: 6/23/2012
Posts: 19

Can you please tell me how to create a scan to find a stock or stocks whose current  bandwidth is a minimun for its stock for, say, 126 days. This is what Bollinger scans for re: bandwidth.

TedKurtz

Bruce_L
Posted : Monday, March 5, 2018 9:53:33 AM


Worden Trainer

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

The easiest way to do this is to add a Bollinger BandWidth indicator to the chart with the desired settings. Then click on it and select Create Condition (or Create Scan Condition) to create a condition for a New Low (with the period set to 126 days).

A condition formula for this would depend on the period of the Bollinger Bands. For example, a condition formula for the Bollinger Bandwidth 20, 2.00 being at its minimum over the most recent 126 bars would be the following.

4 * STDDEV20 / AVGC20 <= MIN(4 * STDDEV20 / AVGC20 , 126)

Although you could probably get very similar results using the following instead.

STDDEV20 = MIN(STDDEV20, 126)



-Bruce
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