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.
The Range pack includes :
The indicator displays the detected range on chart. Different displays are available.
The Range screener scans the market for stocks evolving in a range within the last 150 candlesticks.
Results are sorted according to the position of the current stock price relative to the 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 end in the configuration menu of the indicator.
Adjustable validation criteria :
Available filters :
General filter (screener only) :
Display options (indicator only) :
Video user guide (english subtitles available) :
Details of available settings :
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.
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