fb186...this is a bit of a quickie but maybe you can glean something from it.Here is the consolidation scan data as I built it.
set{channeltop,high 30 day high}
set{channelbottom,low 30 day low}
set{tchg, channeltop minus channeltop 30 days ago }
set{bchg, channelbottom minus channelbottom 30 days ago}
set{atchg, abs(tchg)}
set{abchg, abs(bchg)}
set{channeltopchange, atchg / channeltop}
set{channelbottomchange, atchg / channeltop}
show stocks where close between 1 and 50
and draw channeltop on plot price
and draw channelbottom on plot price
and channeltop < 2 percent above channelbottom
and channeltopchange < 0.005
and channelbottomchange < 0.005
Volume is above 10000
May only be greek to you but a careful study might help you in some way.A lot of math in this one but will work on bolie concept later.This is basically channeling.Dont give up..I wont(LOL)
Simple
