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TOS Price Consolidating Stock Scan


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TOS Price Consolidating Stock Scan

  #1 (permalink)
 tennisguy 
Bagram Afghanistan
 
Experience: Beginner
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Hello,

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).





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




Thank you for any help offered!

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  #2 (permalink)
 tennisguy 
Bagram Afghanistan
 
Experience: Beginner
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Can someone help out?

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  #3 (permalink)
 
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 stockdunia 
Tampa + FL
 
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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)
 MacroNinja 
Buenos Aires Argentina
 
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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)
 t51k1606 
Waukesha, WI USA
 
Posts: 1 since Feb 2017

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  #6 (permalink)
 Best Intentions 
San Marcos, California
 
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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)
bluedragon
Los Angeles, United States
 
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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: https://usethinkscript.com/threads/sideways-indicator-for-thinkorswim-avoid-trading-in-choppy-markets.419/

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