Screeners: Congestion

Congestion Screener

Find stockprice congestions !

Congestion in the stockprice is a lateral price movement characterised by relatively small price variations, a low volatility.

Identifying and monitoring congestion can enable you to enter a position when congestion breaks.

Description

The Congestions screener scans the market to find stocks whose prices are moving within a congestion zone.

The results are ranked according to the position of the current price in the congestion:

• 0 = in the congestion
• 1 = breaking out the congestion on top
• 2 = breaking out the congestion on bottom

A general filter, in daily UT, based on the share price and trading volumes (in capital or number of transactions), enables you to choose the desired level of liquidity for the share.

Our Congestion indicator shows the congestion detected by the screener directly on the chart.

This indicator is supplied with the screener.

Parameters can be adjusted to adjust the detection of the Congestions that meet your own criteria. All these settings are available without modifying the code, in the "variables" menu of the screener.

Adjustable validation criteria :

• Minimum congestion length, in number of candlesticks,
• Candle body or Candle body + wicks.

Available filters :

• Average volume decreasing,
• Price position relative to a moving average.

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,
• ProRealTime V11 and later versions compatible,
• Free ProRealTime (daily closings) compatible,
• Congestion 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.