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Spring

 
UK

In the Wyckoff method a spring is the final shakeout of an accumulation range: price dips below support, flushes out weak holders and quickly returns into the range. This screen lists stocks on the London Stock Exchange where a bear trap has formed on the support lines of the SNR indicator (fractal-based support and resistance) with volume above its 21-day average. Traders treat a spring as a potential low-risk entry with a stop below the shakeout low. 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 snr(9) snr_beartrap and cvol > avol(21)
 
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