A Bearish Oblique Resistance (BOR) is a bearish trendline. When the price repeatedly bumps into resistance, a breakout may occur.
In trading, the break out of a bearish oblique resistance is a potential buy signal.
The Bearish Oblique Resistance screener scans the stock market to find stock that are close to or in the process of making a break out of the bearish resistance.
Results are ranked by the distance, in percentage, to the bearish resistance.
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.
Parameters can be adjusted to scan the market according to your criteria. All these settings are available without modifying the code, in a very simple way in the "variables" menu.
Adjustable validation criteria :
Available filters :
General filter :
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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