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Range Breakout

 
UK

Quiet, narrowing ranges often come before strong moves, because supply dries up while buyers build positions. This screen lists stocks on the London Stock Exchange whose 21-day price range was at least 15% tighter than the 68-day range within the last 10 days, and which have now crossed above a resistance line of the SNR indicator on at least 1.5 times average volume. LSE prices are quoted in pence, and the list skips thinly traded shares.

Screening formula:
exch(lse) and type(stock) and advol(21) > 50 and contraction(21, 68, 15)@[1..10] and snr(9) snr_car and rvol(21) > 1.5
 
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