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chartmillMomentum Squeeze Play Setups324100312

Momentum Squeeze Play Setups

This screen finds squeeze play setups on stocks that are in a strong uptrend. A squeeze play setup occurs when the Bollinger Bands are inside the Keltner channels. When this happens, the stock has been trading in a narrow range for a while. A major move could happen when the stock breaks out of this trading range. Find an in depth description here.
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This sceen uses the following settings:

Squeeze Play: Squeeze Play Daily Setup
This filters the squeeze play condition: the bollinger bands inside the keltner channels.
Average Volume: 50 SMA > 300K
This filters for stocks with a minimum average daily volume of at least 300K. This filter ensures liquidity.
Trend Intensity: TI > 105
This filters for stocks showing a strong trend.
Chart Settings:
The Bollinger Bands and the Keltner Channels are shown on the charts.