Screening for consolidation after large price/vol gain

Screening for consolidation after large price/vol gain

schhay
2012-03-06 20:26:33

Guru,

Need help setting up screener for price consolidation the last 5-10 bars, then 5%+ price gain on the bar prior to the last bar in the consolidation pattern.
Be nice to add volume gain on that same bar as well, something like volume > 1.4 * (sma(volume,50));

I got the consolidation part, but not the other:

istrue(absolute(perf(close,1))<0.5, 5)

Thanks a bunch.

QuantShare
2012-03-07 06:56:49

Do you want to price gain to occur after the consolidation, right?

schhay
2012-03-07 11:40:38

can you give both?

my consolidation rule might be wrong; it considered closing prices instead of highs/lows. If you have one, can you provide a correction?

Thanks.

QuantShare
2012-03-08 04:15:06

Best Answer

Here a screen that uses high/low for consolidation:
Large price and volume gain after consolidation

To get large price gain before consolidation, use the following formula:
filter = cons1 and ref(priceinc > 5, bars1);

Large price and volume gain after consolidation (by QuantShare, uploaded several months ago)

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