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Sign of Strength

 
India

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 the Bombay Stock Exchange 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 Indian rupees, and the list covers BSE-listed stocks with at least 50 million rupees in average daily trading value.

Screening formula:
exch(bse) and type(stock) and advol(21) > 50 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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