High Tight Flag
High Tight Flag Pattern
The high tight flag becomes visible after a sharp uptrend on high volume. Afterwards, the price - as with the regular bull flag - moves into a sideways range for a short period of time. The price consolidates and the volume decreases significantly. Once the price breaks out above the flag pattern again, one can assume a continuation of the existing bullish trend.
Bull Flag Chart Pattern Explained
A bull flag pattern is a continuation pattern and they frequently occur in stocks that are in a strong uptrend. Because the strong uptrend is almost vertical, it resembles a pole. The sideways price movement that follows has similarities to a flag, hence the name bullish flag formation.
Bull Flag Trading: How To Do It?
This Bull Flag Trading guide explains how to take advantage of the pattern, both as a swing and day trader.
Volume Increase: Volume(Week) 50% Less Than Vol(Previous Week)
Less volume in the flag itself
sma150: SMA(150) Above SMA(200)
Medium-term trend positive
sma200: SMA(200) Rising
Long-term trend bullish
(high>=(high52Weeks*0.75))
Current high within 25% of 52-week high
Price VS SMA: Price Above SMA(50)
Short-term price trend up
Price VS SMA: Price Above SMA(200)
Long-term price trend up
CRS>=70
Solid relative strength
Price VS SMA: Price Above SMA(150)
Medium-term price trend up
sma50: SMA(50) Above SMA(150)
Short-term trend positive 1
sma50: SMA(50) Above SMA(200)
Short-term trend positive 2
(close>=(low52Weeks*1.3))
Current close at least 30% higher than 52-week low
Bull/Bear Flags: Bull Flag
Pattern recognition
Average Volume: 50 SMA > 200K
Sufficient liquidity
Exchange: US Only
Only US stocks
Bull/Bear Flags: Flag Pole Above 10
Length of Flag Pole higher than 10%
Daily timeframe
Regional Run
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.