3 Weeks Consolidation Screener on Daily Chart
May 3, 2018, 8:29 AM
Screeners
4 Comments
The Chart looks for a 3 Week Consolidation.
The high 3 weeks ago is > two weeks ago and so on. Vice versa with the lows.
So when you look on daily chart a nice Triangle Pattern should be found.
Not every candidate looks good but with a little routine and your eye, you can find some nice triangles in every market in some minutes and place you alert for order.
TIMEFRAME(weekly)
c3 = Average[40](close*volume) > 3000000
c1 = high[2] >= high[1] and high[1] >= high
c2 = low[2] <= low[1] and low[1] <= low
SCREENER[c1 and c2 and c3 ](volume*close as "traded volume")
Download
Filename:
3-weeks-consolidation-pattern.itf
Downloads:
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