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consolidating

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annja45

Posted : Tuesday, April 20, 2010 11:58:26 AM

Gold Customer

Joined: 8/15/2005
Posts: 71

How do I write a scan to find stocks that are consolidating?

Bruce_L

Posted : Tuesday, April 20, 2010 12:54:29 PM

Worden Trainer

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

That would depend on your particular unambiguous objective definition of "consolidating". One option for identifying consolidating stocks would be to use the example Trending/Consolidating (25 day) Personal Criteria Formula as an EasyScan with the Rangefinder set to Min to some arbitrary Value or Rank:

Using EasyScan to find stocks that meet your own criteria
Definitions of all built in scanning and sorting criteria
How to create a Personal Criteria Forumula (PCF)

Trending/Consolidating (25 day) - Compares the average trading range to the trading range over the past 25 days. Lower values reveal consolidation while higher values reveal trending.

(MAXH25 - MINL25) / ((AVGH25 - AVGL25) * 25) * 100

You may also wish to review the following:

Scan for stocks bouncing in a lateral channel
Spotting trend changes using linear regression channel sorts
Finding Expanding or Contracting Bollinger Bands
EasyScan Design for Breakouts and Bouncers

-Bruce
Personal Criteria Formulas
TC2000 Support Articles

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