TC2000 Ultimate Consolidation Scan

Description

The TC2000 ultimate consolidation scan is the king of finding stocks moving sideways, with volatility contracting, in tight trading ranges.

How does it work

Instead of creating one mediocre, one size fits all scan, we decided to build 3 different variations of the scan based on the length of consolidation you are looking for. When you purchase this scan, you will receive all three versions described below.

 

The ultimate short-term consolidation scan

This version is designed to find extremely tight overlapping multi-bar patterns that can turn into explosive short momentum trades (see following MRNS example).

The ultimate intermediate-term consolidation scan

This version is designed to find very tight multi-week patterns that can lead to longer and more sustained moves when the consolidation finally breaks out. These patterns work very well for swing traders (see following TXT example).

The ultimate long-term consolidation scan

This version is designed to find large multi-month patterns, which usually won’t be quite as tight as the short or intermediate scans, but their length moving sideways is what can turn these consolidations into long-term sustained moves in the breakout direction. These patterns work exceptionally well for trend-followers and swing traders (see following OCFT example).

For all you mean-reversion traders or option sellers, these scans can also be of great value to you while the stocks remain in consolidation.

Features

• Purchase includes exact PCF code and setup instructions
• Scan be used on all time frames, not just the daily chart
• Purchase includes additional scan criteria:
  • average daily volume filter
  • Bullish short, intermediate, and long term trend filter
  • Bearish short, intermediate, and long term trend filter
• Can be used on all versions of TC2000.
• Can be combined with other criteria to improve accuracy

Any questions? Contact us.