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TOS Price Consolidating Stock Scan
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Created: by tennisguy Attachments:2

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TOS Price Consolidating Stock Scan

  #1 (permalink)
Bagram Afghanistan
Trading Experience: Beginner
Platform: thinkorswim
Favorite Futures: stocks
Posts: 4 since Aug 2014
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*Please Help* TOS Price Consolidating Stock Scan


Can someone please advise the code or settings needed to create a TOS thinkorswim consolidating price scan?

  • I would like the price scan to search for stocks that have been consolidating for at least a week or more before breakout (see 30 day chart example).

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  • Also, is it possible to create a scan for stocks that have been in a price channel before breakout (see 1 year chart attachment).

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Thank you for any help offered!

Last edited by tennisguy; August 23rd, 2014 at 02:54 PM. Reason: Unanswered
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  #2 (permalink)
Bagram Afghanistan
Trading Experience: Beginner
Platform: thinkorswim
Favorite Futures: stocks
Posts: 4 since Aug 2014
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Can someone help out?

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  #3 (permalink)
Tampa + FL
Trading Experience: None
Platform: ThinkorSwim
Favorite Futures: Stocks
stockdunia's Avatar
Posts: 2 since Jul 2013
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tennisguy View Post
Can someone help out?

I am also looking for this scan. Did you get any help?

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  #4 (permalink)
Buenos Aires Argentina
Trading Experience: Advanced
Platform: NT, MT4, Sierra
Favorite Futures: S&P, Bonds, Crude, FX
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Probably do a scan based off a 30M bollinger band with bollingerband width less than X. (where X is the consolidation range)

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  #5 (permalink)
Waukesha, WI USA
Posts: 1 since Feb 2017

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Last edited by t51k1606; May 7th, 2017 at 03:05 PM. Reason: Remove all of the post
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  #6 (permalink)
San Marcos, California
Trading Experience: Beginner
Platform: Think or Swim
Favorite Futures: Options for SPY
Posts: 2 since Dec 2017
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Consolidation Scan

Why not concoct an iterative scan that compares how far apart a series of moving averages is over a sequence of dates. For instance, check to see how far apart the averages are from each other starting back a couple of months. Then have the scan perform another check to see how apart they are two weeks ago and so on. This should produce a sort funneling effect over time showing that stocks are moving into a trading range or setting up for a Squeeze play. If this is not workable I would like to hear from any members here why it is not. Cheers.

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  #7 (permalink)
Los Angeles, United States
Posts: 20 since Dec 2018
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You can use Bollinger Bands to look for this sort of pattern where the price is squeezing. Or you can use this Sideways indicator:

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