OPEN-SOURCE SCRIPT
RDJ - Spike & Base Screener
Spike bar = a bar whose close-to-close move is ≥ your % threshold (so +10% vs the prior close; down bars are excluded automatically).
Within last N days = scan each of the last N bars as a candidate spike.
52-wk high = the spike bar's high is the highest high over ~252 trading days (toggleable).
"Stayed inside the move" / didn't undercut = every bar after the spike held above the spike bar's low. I made low-vs-close a toggle since "undercut" can mean either the wick or the close.
Pass = at least one spike bar in the window satisfies all of the above.
Within last N days = scan each of the last N bars as a candidate spike.
52-wk high = the spike bar's high is the highest high over ~252 trading days (toggleable).
"Stayed inside the move" / didn't undercut = every bar after the spike held above the spike bar's low. I made low-vs-close a toggle since "undercut" can mean either the wick or the close.
Pass = at least one spike bar in the window satisfies all of the above.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.