OPEN-SOURCE SCRIPT
Volume & Price Contraction Screener V3
Volume & Price Contraction Screener V3
This script identifies stocks that recently reached a 52-week high and are now showing contraction in both price range and trading volume.
Conditions include:
Recent 52-week high
Price above the 50-day and 200-day moving averages
Rising 200-day moving average
Declining average trading volume
Contracting price range
Scanner = 1 indicates that all screening conditions are satisfied.
This script is intended for screening purposes only. It does not generate automatic buy or sell signals.
This script identifies stocks that recently reached a 52-week high and are now showing contraction in both price range and trading volume.
Conditions include:
Recent 52-week high
Price above the 50-day and 200-day moving averages
Rising 200-day moving average
Declining average trading volume
Contracting price range
Scanner = 1 indicates that all screening conditions are satisfied.
This script is intended for screening purposes only. It does not generate automatic buy or sell signals.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.