Sorry what does the low volume indicate here? Thanks
JohnMuchow
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@soltarikensho, low volume indicates no selling is coming into the stock, this will often precede a breakout.
just_naba
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great idea thanx
kevinfred
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it's really charming
Luna_azul
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Hi. How do you screen for such pattern? What filter do you use?
JohnMuchow
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@Luna_azul, I don't have any indicator or filter, I simply look for tightening when scanning charts. With that said, it might make for an interesting indicator (if one isn't already out there).
Luna_azul
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@PlayTheTrade Do you use the Tradingview screener to scan stocks? What is your screening criteria?
JohnMuchow
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@Luna_azul, I am still learning the TradingView screener. As I learn more, if I find something that might be helpful, I'll write up an Idea here on TradingView.
Luna_azul
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@PlayTheTrade, okay. Thanks for sharing your idea and script. Thet are really helpful.
JohnMuchow
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@Luna_azul, No problem, great to hear it's helpful.