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Golden Pillar Detector
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Golden Pillar:
Specific bar with relatively stronger volume, follow by three consecutive bars with lower volume. Closing price and vwap of three consecutive bars should not be lower than the closing price and vwap of the specific bar.
*Default conditions include BOTH vwap and closing price into calculation. If wish to have ONLY closing price as reference, may turn on the switch provided.
Specific bar with relatively stronger volume, follow by three consecutive bars with lower volume. Closing price and vwap of three consecutive bars should not be lower than the closing price and vwap of the specific bar.
*Default conditions include BOTH vwap and closing price into calculation. If wish to have ONLY closing price as reference, may turn on the switch provided.
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Additional condition: Pillar bar volume > Previous bar volume*2
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Current update is for Custom Bursa Screener development. Screening for stocks with potential volume spike and upthrust reversal from consolidation by integrating MACD. #TAYORDM for any customize screener or indicator order based on your own trading rules.
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