This screener attempt to fetch stocks where the Bollinger Bands width has been decreasing on the daily timeframe (5 days decreased in the same row) and reached a new lowest value over the last 24 weekly periods (approximately 6 months).
Combining with other filters and on specific equity frame, it could retrieve the most relevant stocks that potentially felt asleep before an heavy price expansion.
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TIMEFRAME(WEEKLY) UpperBandW = BollingerUp[20](close) LowerBandW = BollingerDown[20](close) BollingerDiffW = UpperBandW-LowerBandW condition1 = BollingerDiffW<=Lowest[24](BollingerDiffW) TIMEFRAME(DAILY) UpperBandD = BollingerUp[20](close) LowerBandD = BollingerDown[20](close) BollingerDiffD = UpperBandD-LowerBandD condition2 = BollingerDiffD[5]>BollingerDiffD[4] AND BollingerDiffD[4]>BollingerDiffD[3] AND BollingerDiffD[3]>BollingerDiffD[2] AND BollingerDiffD[2]>BollingerDiffD[1] SCREENER [condition1 AND condition2] |
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