DMOBRIEN
381 posts
msg #161891
- Ignore DMOBRIEN |
7/20/2025 9:07:21 AM
Made this yesterday. It's designed to catch pre breakout opportunities, has a redundancy or two, but looks really sharp in the results it produces. Trying to capture expansion from Accumulation/Distribution compression where the the close is very near the HOD.
/* A/D Line Tightening and Expansion Scanner for StockFetcher */
/* === Parameters === */
set{ma_length, 17}
set{bb_length, 20}
set{tightening_threshold, 0.85}
set{obv_min_delta, 0}
/* === Close Location Value (CLV) & Money Flow === */
set{high_low_diff, high - low}
set{close_low_diff, close - low}
set{high_close_diff, high - close}
set{clv_numerator, close_low_diff - high_close_diff}
set{clv, clv_numerator / high_low_diff}
set{money_flow, clv * volume}
/* === Accumulation/Distribution Line (100-day sum) === */
set{ad_line, sum(money_flow, 100)}
/* === A/D Line Early Tightening Detection === */
set{ad_stddev, standard deviation(ad_line, bb_length)}
set{ad_stddev_7, ad_stddev 7 days ago}
set{ad_stddev_avg, cma(ad_stddev, 14)}
/* Look for declining volatility trend (early tightening signal) */
set{volatility_declining, ad_stddev < ad_stddev_7}
set{below_avg_volatility, ad_stddev < ad_stddev_avg}
set{early_tightening, volatility_declining * below_avg_volatility}
/* Also look for A/D line showing accumulation pattern */
set{ad_line_5, ad_line 5 days ago}
set{ad_trending_up, ad_line > ad_line_5}
set{pre_breakout, early_tightening * ad_trending_up}
/* === Price Above Trend === */
set{ema34, ema(34)}
set{ma20, ma(20)}
set{above_ema34, close > ema34}
set{above_ma20, close > ma20}
set{price_strength, above_ema34 * above_ma20}
/* === Trend Strength (ADX approximation) === */
set{adx14, adx(14,14)}
set{trend_strength, adx14 > 20}
/* === OBV Delta === */
set{obv_today, obv}
set{obv_yesterday, obv 1 day ago}
set{obv_delta, obv_today - obv_yesterday}
set{obv_strong, obv_delta > obv_min_delta}
/* === Final Filter Condition === */
pre_breakout is above 0.5
and price_strength is above 0.5
and obv_strong is above 0.5
and set{close_to_high, close / high}
close_to_high > 0.85
ADX(14,14) > 20
/* Additional filters for practicality */
and average volume(30) is above 500000
and close is above 1
and close is below 7
and shares outstanding < 100
add column shares outstanding
and not etf
do not draw obv_strong
add column close_to_high
sort column 6 descending
do not draw OBV_Delta
draw ad_line
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