al: Here is my bolinger band breakout scan. I try to look for horizontal bands that have a breakout.
//detects BB band breakout on high volumn day
Loop(0,-200 ) // back testing
Float W
Exchange= NYSE, AMEX, NASDAQ
Marketcap>=100
Close(0)>close(-1) // up day
Close(0)>=0.5*High(0) // strong day
Close(0)>=5
Close(0)<=50
Vol(0)>3*AvgVol(-1,-21) // 3 times normal 20 day vol
W :=MovAvg(0,19,cl)+2*StDev(0,-19)// 2 standard deviations
Close(-2)<=W // below bollinger band
Close(0)>W // above bollinger band
Println Symbol:-6,Date(0):8,QRS(0):7:2,Pe:7:1," ",Description |
