Hi Pete, can you please make a scan that finds stocks closing over the lower 1 standard deviation at least 3 consecutive times
settings would be:
num dev dn: -1.0 (this one being the lower standard deviation)
num dev up: 1.0
length: 20 day
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Where are we getting this "standard deviation"? I don't see the name of a chart study included anywhere in your question. Nor do I see any code or mathematical formula for computing it. Need details please.
oh whoops, forgot to mention it’s the bollinger band’s lower standard deviation aka the lower band, the one that says num dev dn on the edit study of the bollinger band
Ok, thanks for clarifying that. So far this is something that can be very simply built using the Condition Wizard. Don't need any custom code yet. So did you realize when you state "stocks closing over the lower 1 standard deviation", you are including nearly every single stock in the market? What I mean is that your scan will return stocks that have closed anywhere above the lower BB level for three consecutive bars. The only stocks excluded from this scan will be stocks that closed below the lower BB level anytime in the last three bars.
Yeah every single stock in the market is great as long it closed above the bottom BB at least 3 times in the last 3 bars
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