Hi team,
Can you help me build a scanner to find stocks where the BB range is narrowing or squeezing.
Ty in advance
Hello @nehamehta07
You can refer to the below image to learn how to create the scanner conditions:
You can also refer to the scanner link here: https://scanners.streak.tech/scanner/squeezed-bollinger-bands
The scanner will generate results when the Bollinger Bandwidth is continuously decreasing for the last 10 candles i.e. the difference between the UBB and LBB is decreasing continuously for the previous 10 candles.
To learn more about how to use the Bollinger Bandwidth indicator refer to the below webinars:
If you have any more queries you can ask here and I’ll be happy to help. Alternatively, you can also reach out to us at [email protected]