Consolidation detection

[kgalea]

Hi everyone,

Does anyone know how to write a code that will detect consolidation periods on a price chart?

[MCassICT]

Depends on exactly what you are looking for. Do a forum search for VCP detection and you might find something there from @rocketPower

[shavedlemon]

A good starting point is: HHV, HHVBars, LLV, LLVBars... after you figure that out it's a matter of applying your own time and depth parameters. Play a little and post your progress and I'll try to guide to be best of my ability.

[kgalea]

Thanks Shavedlemon. Sorry for my late reply I havnt had a chance to check up on my post until now. I will try what you say and post my responce.

[kgalea]

Thank you MCassict. I will check it out

[millerrh]

I posted something that looks for flagging patterns. It will also catch the final contraction of a VCP or the right side and handle of a cup and handle. I run this in my screens at night to find stocks with the potential to break out the next day.

Flag / VCP Detection

Been very inspired by @rocketPower's scripts. In particular the VCP screener and High Tight Flag script. One thing about both of these scripts is they seem to be almost too particular and give few results when scanning. I attempted to make a more generic flag script and on a shorter term timeframe in order to catch any bull flag, including high tight ones. The benefit of this is it will also catch cup and handles or VCPs as well (but it is only focusing on the most recent contraction vs. the…