Screener for stock trading flags

• 10/18/2020 at 6:12 PM #147670
  nealhart

  Hi, I am trying to find a good formula for flag consolidation setups? (primarily buying stocks on daily timeframe)

  For examples – please see attached.

  Main filters would be…

  1> a recent volume spike ( within 10 days)

  2> gap up or sharp climb in price movement +3 daily candles (flagpole)

  3> a sideways volume consolidation of at least 3 days ( flag)

  Thanks very much

  Neal

   

  

  nealhart

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  10/19/2020 at 1:10 PM #147749
  Nicolas

  Here is how I coded it and should be more or less in accordance in what you need.

  1. there was a breakout of volume over its 20 periods average
  2. the squared percentage of the price close minus the 7 periods average made a breakout over its 200 periods average + 80% of its standard deviation
  3. the SMA 7 is over the SMA 200 and price is over the SMA 200
  4. the current candle high is below the highest high of the last 3 periods

  c1 = summation[10](volume crosses over average[20](volume))>0 a = summation[3](close-average[7]/average[7]) diff = square(a-a[1]) avg = average[200](diff)+std[200](diff)*.8 c2 = summation[10](diff crosses over avg)>0 c3 = average[7]>average[200] and close>average[200] c4 = high<highest[3](high) c = c1 and c2 and c3 and c4 screener[c]

  1 2 3 4 5 6 7 8 9 10 11

  c1 = summation[10](volume crosses over average[20](volume))>0 a = summation[3](close-average[7]/average[7]) diff = square(a-a[1]) avg = average[200](diff)+std[200](diff)*.8 c2 = summation[10](diff crosses over avg)>0 c3 = average[7]>average[200] and close>average[200] c4 = high<highest[3](high)   c = c1 and c2 and c3 and c4   screener[c]

   

  

  Nicolas

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