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BB/KC Squeeze Recent 3-Candle Scanner

by TrendSpider Team
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BB/KC Squeeze Scanner – Recent (3 Candles): Detects stocks or ETFs entering a Bollinger Bands/Keltner Channel squeeze within the last three candles, suggesting potential volatility contraction. This scanner operates in real-time and can be used on any universe.

Scanner criteria

All of the following:
  D Bollinger Bands ® (20, 2, 2, 0, close), Low > D Keltner Channel (20, 10, 2, 0, close), Low
  D Bollinger Bands ® (20, 2, 2, 0, close), Up < D Keltner Channel (20, 10, 2, 0, close), Up
  Any of the following: # Bbands was NOT inside Keltner just a while ago...
      All of the following: # ...1 candle ago
          D Bollinger Bands ® (20, 2, 2, 0, close), Low (1 candles ago) < D Keltner Channel (20, 10, 2, 0, close), Low (1 candles ago)
          D Bollinger Bands ® (20, 2, 2, 0, close), Up (1 candles ago) > D Keltner Channel (20, 10, 2, 0, close), Up (1 candles ago)
      All of the following: # ...2 candles ago
          D Bollinger Bands ® (20, 2, 2, 0, close), Low (2 candles ago) < D Keltner Channel (20, 10, 2, 0, close), Low (2 candles ago)
          D Bollinger Bands ® (20, 2, 2, 0, close), Up (2 candles ago) > D Keltner Channel (20, 10, 2, 0, close), Up (2 candles ago)
      All of the following: # ...3 candles ago
          D Bollinger Bands ® (20, 2, 2, 0, close), Low (3 candles ago) < D Keltner Channel (20, 10, 2, 0, close), Low (3 candles ago)
          D Bollinger Bands ® (20, 2, 2, 0, close), Up (3 candles ago) > D Keltner Channel (20, 10, 2, 0, close), Up (3 candles ago)

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