Need help finding intraday charts with gentle trends

[steelneil]

So, I am trying to figure out how I might scan for stocks that have really smooth charts and price action for the day, like toward the right side of this chart. It doesn't need to be THIS smooth, but something that isn't bouncing around and wicking everyone out. Something with a nice gentle trend. Could someone point me in the right direction? Thank you!

Hi everyone. I am trying to create a scan condition that will help me find charts with relatively smooth price action for the last 30, 1 minute bars. Up or down. Just want a scan that will help me avoid being wicked out. Kind of like the right side of this chart here. Could someone point me in the right direction?

 

[mashume]

Perhaps using a linear regression channel we can look at the range of trading, even if it is trending:

def upperChanel = LinearRegChVar("full range" = No, length = 34).UpperLR;
def lowerChanel = LinearRegChVar("full range" = No, length = 34).LowerLR;

def chanelWidth = 100 * ((upperChanel - lowerChanel) / lowerChanel);

plot eureka = if chanelWidth <= 0.5 then 1 else double.nan;

This looks for stocks (as a scanner) where the channel width is less than 0.5 % of the value. It seems to do fairly well at finding things like you are looking for. Try adjusting the 0.5 in the eureka plot line, or the length parameter in the upper/lower def lines to fine tune it to your needs

-mashume

 

[floydddd]

interesting idea. and good on ya for a possible solution, mashume.