December 21, 2024
I don't have a direct way to do this. Scope boundaries can be very subjective…
- Basic scan – All scans there are compliant. I'll start with a Bollinger Bands squeeze scan.
- low volatility scan – There are 4 Bollinger Bands based scans and a “3 Week Tight” scan.
- range shrink scan – Most overlap with the above two categories
- After seeing the “Moving Average Sweep” category, I was reminded of one category in particular – this Time range trend scan (see my Blog post about the scan), you could do something like “Look for stocks above the 200 DMA but in line with (close to) the 50 and 10 DMA”
You could try searching for stocks that cross a specific moving average – which again is subjective and will change depending on the time frame you care about. Filtering for stocks rated C may also help filter for stocks rated A and B tend to Is in some sort of uptrend… (and D&F Ratings tend to in some kind of downtrend)
You can also get creative Combined scan and/or back to back scanning. One idea that comes to mind is to do a continuous scan of stocks that cross their moving averages for 2 or 3 days in a row.
Therefore, there are many possible ways to use SwingTradeBot to find range-bound (non-trending) stocks. If anyone has other ideas, please leave them in the comments.
