Breakout after long consolidation screener – coding help

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02/20/2021 at 11:43 AM #162087 quote

Adriano250
Participant

New

Hi guys

I would like some help to screen stocks that have been under a period of 20weeks or more consolidation, and are now breaking out of that 20week price high, on 2 times or more the average vol.

To narrow it down, the 20EMA should be above the 50EMA which should be above the 200EMA.

I would like to pickup stocks like the attached.

Thank you so much.

2021-02-20_20-58-31.png

02/20/2021 at 12:09 PM #162091 quote
robertogozzi
Moderator

Master
There you go:
```
Ema20  = Average[20,1](close)
Ema50  = Average[50,1](close)
Ema200 = Average[200,1](close)
Vol50  = Average[50,0](Volume) * 2
c1     = Ema20 > Ema50
c2     = Ema50 > Ema200
c3     = Volume >= Vol50
Cond   = c1 AND c2 AND c3
SCREENER[Cond](Volume AS "Volume")
```
Adriano250 thanked this post
02/20/2021 at 1:59 PM #162104 quote

Adriano250
Participant

New

Ah looks too easy. Can we add a price condition, that it should be highest for the past 20 weeks ?

Thank you.

02/20/2021 at 2:54 PM #162106 quote
Vonasi
Moderator

Master
```
Ema20  = Average[20,1](close)
Ema50  = Average[50,1](close)
Ema200 = Average[200,1](close)
Vol50  = Average[50,0](Volume) * 2
c1     = Ema20 > Ema50
c2     = Ema50 > Ema200
c3     = Volume >= Vol50
c4     = close >= highest[19](high[1])
Cond   = c1 AND c2 AND c3 AND c4
SCREENER[Cond](Volume AS "Volume")
```
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Breakout after long consolidation screener – coding help

ProScreener: Market Scanners & Detection

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Adriano250 @adriano250 Participant

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This topic contains 3 replies,
has 3 voices, and was last updated by Vonasi
5 years ago.

Topic Details

Forum:	ProScreener: Market Scanners & Detection
Language:	English
Started:	02/20/2021
Status:	Active
Attachments:	1 files

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