Screeners: Range

Range Screener

Detect Range !

A Range in trading is a period during which the price of a stock evolves horizontally in a channel defined by higher highs that stumble on a resistance zone and lower that bounce on a support zone.

The theoretical objective of a range breakout is to postpone the height of the range.

Description

The Range screener scans the market for stocks evolving in a range within the last 150 candlesticks. Our Range Indicator is included with the screener to vizualize at a glance the detected figure on chart.

Results are sorted according to the position of the current stock price relative to the Range :

• 1 = stockprice over the middle of the Range,
• 2 = stockprice under the middle of the Range,
• 10 = Stockprice breaking the top of Range,
• 20 = Stockprice breaking the bottom of Range.

A general filtering on the daily timeframe is done on the stock price, as well as the exchange's volume. This filtering guarantees the stocks appearing in results are in your liquidity criteria.

Many parameters can be adjusted to detect only the Ranges that meet your criteria. All these settings are available without modifying the code, in a very simple way in the "variables" menu of the screener.

Adjustable validation criteria :

• Minimum Range height,
• Maximum range outings (false break out),
• Maximum distance between actual stock price and bottom / neckline.

Available filters :

• Actual stock price is in the Range,
• Actual stock price is breaking out the Range's top,
• Actual stock price is breaking out the Range's bottom,
• Minimum 2 tops and 2 bottoms.

General filter :

• Minimum stock price,
• Minimum average volume,
• Average volume expressed in transaction number or in capital exchanged.

Video user guide (english subtitles available) :

Details of available settings :

Download guide

Characteristics

• Works on all TimeFrames, preferred 4 hours and higher,
• ProRealTime V11 and later versions compatible,
• Free ProRealTime (daily closings) compatible,
• Range Indicator included,
• Automatic and free updates for life.

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Disclaimer

Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.