Consecutive Closes Above Lower BollingerBand

« Back to Previous Page
Category:
▲
0
▼
♥ 0

Hi Pete, can you please make a scan that finds stocks closing over the lower 1 standard deviation at least 3 consecutive times

settings would be:

num dev dn: -1.0 (this one being the lower standard deviation)

num dev up: 1.0

length: 20 day

Marked as spam
Posted by (Questions: 12, Answers: 20)
Asked on March 23, 2020 2:00 pm
125 views
▲
0
▼
Where are we getting this "standard deviation"? I don't see the name of a chart study included anywhere in your question. Nor do I see any code or mathematical formula for computing it. Need details please.
( at March 24, 2020 8:12 am)
▲
0
▼
oh whoops, forgot to mention it’s the bollinger band’s lower standard deviation aka the lower band, the one that says num dev dn on the edit study of the bollinger band
( at March 25, 2020 9:57 am)
▲
0
▼
Ok, thanks for clarifying that. So far this is something that can be very simply built using the Condition Wizard. Don't need any custom code yet. So did you realize when you state "stocks closing over the lower 1 standard deviation", you are including nearly every single stock in the market? What I mean is that your scan will return stocks that have closed anywhere above the lower BB level for three consecutive bars. The only stocks excluded from this scan will be stocks that closed below the lower BB level anytime in the last three bars.
( at March 25, 2020 12:20 pm)
▲
0
▼
Yeah every single stock in the market is great as long it closed above the bottom BB at least 3 times in the last 3 bars
( at March 25, 2020 5:37 pm)
▲
0
▼
✔
Private answer

Ok, after a few clarifications in the comments section above I have a solution. The question title has been updated to include the name of the chart study. This was omitted in the original question which is why I had to request clarifications.

This scan requires absolutely no custom code whatsoever. Anyone can build this scan with just a few clicks of the mouse. How? By using the Condition Wizard:

https://www.hahn-tech.com/thinkorswim-condition-wizard/

After viewing that free tutorial video you will understand how to read the screenshots below. These screenshots show each of the steps required to complete the construction of this custom scan.

Attachments:
Marked as spam
Posted by (Questions: 37, Answers: 4118)
Answered on March 26, 2020 7:25 am
▲
0
▼
Awesome, thank you Pete worked perfectly. Good luck.
( at March 26, 2020 7:54 am)
« Back to Previous Page