Three Weeks Tight Scan for ThinkorSwim

TheRaptor22

New member
Looking for a scan for a three week tight scan , each weekly closing price within about 1% of prior weeks (3) close. Thanks in advance
 

Trotter2019

New member
I'm not good at scanning was wondering is there away to scan for consolidation at the high and low of the day or the previous day or the week not sure how to setup parameters any help would be thankful.
 

tomsk

Well-known member
VIP
Since I have a bit more free time today, I looked further into @TheRaptor22 request for a 3 week consolidation scan. I used Mobius consolidation scan and set it to a weekly aggregation and ran scans on the C&P 500, NASDAQ and Russell 2000. No results were obtained.

Next I dropped the aggregation down to a daily timeframe, and only found 1 result on the Russell 2000. Hence this suggests that only 1 out of the universe of stocks out there are in consolidation mode.
 

Oleron

New member
I'm still pretty new at trading, but I've already come across the following pattern enough to stick out in my mind:


31nVCac.png


PY8cte3.png




Seems to occur often, though certainly not exclusively, in biotech stocks, though that may be my personal bias.

Anyway, I want to build a scan for stocks that run flat like this then go parabolic. The trouble is, they often stay flat like this for months before that initial period of agitation. I want to build a scan that flags them after the flatline when they start to flare up, but I'm not sure how to go about it, and would appreciate any assistance to that end. Thanks.
 

KUMAR999

New member
Hi All,

I'm fairly new to TOS and looking for a script to Scan for stocks in consolidation phase for a specific duration (1 week,2 weeks,3 days) before the actual break out happens.

Kindly help or suggest if there are any scripts available for this.

Thanks in advance.
 

Optionsguy

New member
Has anyone been able to formulate a scan for this? Or does anyone know how to? I was also looking for something similar where I can search the weekly closing pricing being within 1% of last week's closing price?
 

XeoNoX

Well-known member
VIP
@Optionsguy set aggregation to weekly and it will scan weekly candles.

Code:
#Price is within X% max of the Previous Close
#### Change percentvalue to % in decimal format
###  Example .02 is 2%  and .025 is 2.5%
def percentvalue = .01;
#Price is with X of Previous Close
def Prev_close = (close[1]);
def precent_val = Prev_close*percentvalue;
plot scan3 = absvalue(close - Prev_close) is less than or equal to precent_val;
 
Last edited:

surfmang

New member
I've been scratching my head trying to create a scan that shows stocks over a 6 or even 10 or 15 day period that don't move much in price. Read an article recently that a 1.5% range is good to find before a big move up, and I've seen this time and time again.
The best bet is maybe to scan for flags on the weekly? I've tried using all the price tools built in to tos I can think of.
 

rll131

New member
looking to build a scanner I could not find one here and can't figure it out on my own. I pretty much want to scan for stocks that have stayed for lets say 1-5% for the past 20-50 days. I can only find a scan that will find stocks greater then ect.. id like to put my own percent change. just want to look for a stock that has stayed steady for awhile and then add a volume change as well so I can find a steady priced stock that might be ready to rise due to volume change. appreciate any help and if there is already a post for this please post a link and sorry I couldn't find it.
 

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