Replies to post #14898 on TECHNICAL ANALYSIS

[Stock Analyzer]

well at least we know mine DONT work for what you want lol... I will work on a bollinger band width scan if I can pull one up maybe tomorrow for ya....keep in touch. We will find something thats for sure!

[simplegreen]

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)

[simplegreen]

Better yet fb186...try this for consolidation.


Show stocks where lower bollinger band(30) has been increasing over the last 10 days
and upper bollinger band(30) has been decreasing over the last 10 days
and Average Volume(90) is above 50000
and close is between 1 and 25


Maybe this will be easier to convert.

[simplegreen]

fb186...Here is a screenshot of the results I got from the consolidation scan.