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Range Contraction Stock Scans
This set of scans helps to find stocks which are experiencing a constricted trading range. The basic idea being that stocks continually cycle between phases of low volatility (range contraction) and high volatility (range expansion). So these can help to pinpoint trading opportunities in stocks which may be ready to enter a high volatility phase. In short, these can help you to get ahead of price breakouts or breakdowns.
|BB Squeeze Started||Stocks which started a Bollinger Band Squeeze today.|
|Bollinger Band Squeeze||Volatility has fallen to low levels and the Bollinger Bands Bandwidth has narrowed to near 6-month lows.|
|Boomer Buy Setup||Rules (via 'Hit & Run Trading'):
|Boomer Sell Setup||Rules (via 'Hit & Run Trading'):
|Calm After Storm||This finds stocks which have recently had a siginificant range expansion and are now experiencing range contraction. A trader can use the contraction to anticipate a return to an expansion phase. One idea would be to enter a trade as price exceeds the range of the contraction bar with a stop-loss at the other extreme of the contraction bar.|
|Inside Day||Stocks which made an inside day (a higher low and a lower high than the previous day).|
|NR7||Narrowest range in the last seven trading days. This shows range contraction. Range contraction often leads to range expansion.|
|NR7-2||Second day in a row of NR7s|
|Narrow Range Bar||Volatility Contraction: Today's price range was less than half of the average true range.|
|Three Weeks Tight||Stocks which formed a Three Weeks Tight pattern|