Scan For Cyan Squeeze Bars

[mchapma72]

Is there a script where you can scan for stocks where the squeeze histogram only has 1 or 2 light blue bars. Trying to catch stocks before they are overpriced. Attached is a screen shot of what I'm looking for.

Thanks,
Mark

 

[halcyonguy]

Is there a script where you can scan for stocks where the squeeze histogram only has 1 or 2 light blue bars. Trying to catch stocks before they are overpriced. Attached is a screen shot of what I'm looking for.

Thanks,
Mark

here is an upper study to test

#sqz_histo_xbars

def na = Double.NaN;
def bn = BarNumber();

input price = CLOSE;
input length = 20;
input nK = 1.5;
input nBB = 2.0;

def histo = TTM_Squeeze().histogram;
#def sqz = ttm_squeeze().SqueezeAlert; 

def up = histo > histo[1];
def dwn = histo < histo[1];
def pos = histo > 0;
def neg = histo < 0;

# first 2 cyan up histo bars
def posup = ((dwn[1] or neg[1]) and up and pos) or ((dwn[2] or neg[2]) and up[1] and up and pos);

input arrows = yes;
plot zup = if (arrows and posup) then low * 0.99 else na;
zup.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
zup.SetDefaultColor(Color.GREEN);
zup.SetLineWeight(4);
zup.HideBubble();
#

--------------------

this is a lower that should work in a scan

#sqz_histo_xbars_lower

declare lower;

def na = Double.NaN;
def bn = BarNumber();
input price = CLOSE;
input length = 20;
input nK = 1.5;
input nBB = 2.0;

def histo = TTM_Squeeze().histogram;
#def sqz = ttm_squeeze().SqueezeAlert; 

def up = histo > histo[1];
def dwn = histo < histo[1];
def pos = histo > 0;
def neg = histo < 0;

# first 2 cyan up histo bars
plot posup = ((dwn[1] or neg[1]) and up and pos) or ((dwn[2] or neg[2]) and up[1] and up and pos);
#