Congestion Screener for ProRealTime

The Congestion Screener automatically scans financial markets to identify stocks trading within a price congestion zone or showing a bullish or bearish breakout from that zone.

A congestion is a period of consolidation during which prices move sideways within a relatively narrow range, generally with reduced volatility. Prices fluctuate between an upper resistance boundary and a lower support boundary.

A breakout occurs when the price moves above resistance or below support. Depending on market conditions, these breakouts may precede a new directional move.

Find Price Congestions and Breakouts

The Screener identifies stocks matching your detection criteria and classifies the results according to the current price position:

• 0: Price trading within the congestion zone.
• 1: Bullish breakout above the congestion zone.
• 2: Bearish breakout below the congestion zone.

Results are displayed directly in ProScreener, allowing you to find matching stocks without examining each chart individually.

The Screener works on all timeframes, while general market liquidity filters are applied using the daily timeframe.

Customizable Search Parameters

Configure the Screener directly through ProRealTime’s Variables menu, without modifying the code.

Adjustable validation criteria:

• Minimum congestion length, expressed as the number of candlesticks.
• Detection based on candle bodies only, or candle bodies and wicks.

Available filters:

• Decreasing average trading volume.
• Price position relative to a moving average.

General market filters:

• Minimum stock price.
• Minimum average trading volume.
• Average volume calculation period.
• Trading volume calculated using either the number of shares traded or the traded value.

These settings allow you to customize your searches according to your preferred congestion patterns and market liquidity requirements.

Characteristics

• Automatic detection of price congestions and bullish or bearish breakouts.
• Results classified into 3 categories according to price position.
• Works on all timeframes.
• Customizable congestion detection criteria and filters.
• Adjustable stock price and trading volume filters.
• Compatible with ProRealTime V11 and later versions.
• Compatible with the free version of ProRealTime (daily closing prices).
• Parameters adjustable without modifying the code.
• Congestion Indicator included.
• Free automatic updates.

Video Presentation

Video in French – English subtitles available.