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Sign of Strength

 
Asia

In the Wyckoff method a sign of strength (SOS) is a sharp advance on rising volume that shows demand taking control after accumulation. This screen lists stocks on Asian exchanges whose 21-day range was at least 15% tighter than the 68-day range within the last 10 days, and which today close above yesterday's high with a wide up candle, at least 1.5 times average volume and positive Chaikin Money Flow. Prices are in each exchange's local currency, and the list covers stocks traded in Tokyo, Hong Kong, Singapore, Seoul and Jakarta with at least about US$0.7 million in average daily trading value.

Screening formula:
exch(tse,hkse,ses,krx,ise) and (type(stock) and ((exch(tse) and advol(21) > 100) or (exch(hkse) and advol(21) > 5) or (exch(ses) and advol(21) > 1) or (exch(krx) and advol(21) > 1000) or (exch(ise) and advol(21) > 10000))) and contraction(21, 68, 15)@[1..10] and c > h[1] and body(0) > abody(0) and rvol(21) > 1.5 and cmf(20) > 0 and c > o
 
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