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Narrowing Bollinger Band Scanner
| Code | Price | Chart | |||||
|---|---|---|---|---|---|---|---|
| ABSLAMC | 998.7 | ||||||
| AXISBANK | 1236.0 | ||||||
| BANDHANBNK | 173.9 | ||||||
| CENTRALBK | 31.21 | ||||||
| DRREDDY | 1190.0 | ||||||
| ECLERX | 1822.8 | ||||||
| ELECON | 438.55 | ||||||
| FEDERALBNK | 357.75 | ||||||
| HDFCBANK | 729.0 | ||||||
| ICICIGI | 1620.0 | ||||||
| KALYANKJIL | 607.95 | ||||||
| KARURVYSYA | 338.15 | ||||||
| PATANJALI | 350.0 | ||||||
| WAAREEENER | 2674.8 |
Narrowing Bollinger Band Scanner
What is Narrowing Bollinger Band?
Narrowing Bollinger Band Scanner finds stocks where the distance between the upper and lower Bollinger Bands is decreasing, indicating that market volatility is contracting.
This scanner helps traders identify stocks that may be preparing for a strong breakout or breakdown. For better accuracy, confirm the direction using price action, volume, or other technical indicators before entering a trade.
Advantages
- Helps identify periods of low market volatility.
- Useful for spotting potential breakout or breakdown opportunities.
- Easy to understand and suitable for traders of all experience levels.
- Works effectively when combined with volume, trend analysis, and support/resistance levels.
Risk Management
- Entry: Wait for a confirmed breakout or breakdown after the Bollinger Bands narrow.
- Stop-loss: Below the recent swing low for bullish trades or above the recent swing high for bearish trades.
- Profit target: The next major support/resistance level or use a predefined risk-to-reward ratio.
TSR Scanner Features
- Real-Time Alerts: Receive instant notifications when Bollinger Bands begin to narrow.
- Fine-Tune Filter: Combine with volume, RSI, MACD, and TSR Strength Index for higher-quality setups.
- Custom Tracking: Scan signals across selected stocks or your personalized watchlist.
- Backtesting Capabilities: Analyze historical Bollinger Band squeeze patterns before trading.
- Flexible Timeframes: Scan from 1-minute to monthly charts based on your trading style.
- Auto Refresh: Continuously updates scanner results to capture fresh narrowing Bollinger Band signals.
Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option
Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.