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pkjmesra / PKScreener

A Python-based stock screener for NSE, India. PKScreener is an advanced free stock screener to find potential breakout stocks from NSE and show its possible breakout values. It also helps to find the stocks which are consolidating and may breakout, or the particular chart patterns that you're looking specifically to make your decisions.
https://github.com/pkjmesra/PKScreener
MIT License
156 stars 66 forks source link

Add a scanner for demand zone and supply zone #87

Open pkjmesra opened 6 months ago

pkjmesra commented 6 months ago

Request from telegram trader: @pravmahar and @tg_sachinn

Add a scanner for demand zone and supply zone

  1. Rally Base Rally (RBR) Zones: These zones occur after a rally (upward price movement), followed by a period of consolidation (base formation), and then another rally. Smart money often forms positions here as it suggests a strong uptrend continuation.
  2. Rally Base Drop (RBD) Zones: In this case, there is a rally, followed by a base formation, but instead of another rally, the price drops. Smart money may position themselves here in anticipation of a potential trend reversal.
  3. Drop Base Rally (DBR) Zones: These zones form when there is a drop in price, followed by a base formation, and then a rally. Smart money may take positions here, expecting a trend reversal to the upside.
  4. Drop Base Drop (DBD) Zones: In this scenario, the price drops, then forms a base, but subsequently continues to drop. Smart money might take bearish positions here, anticipating further downward movement.

https://www.flowbank.com/en/research/price-action-trading-strategy-supply-demand-zones

https://www.tradingview.com/support/solutions/43000713306-time-price-opportunities-tpo/

pkjmesra commented 5 months ago

@03sachin and @anoopvempeny -

Can you please describe how you'd like to view the results in a tabular view that will make sense to users like yourself? I don't intend to include charts/graphs in the screener yet.

pkjmesra commented 2 months ago

@03sachin and @Anoopvempeny - Would you like to respond ?

03sachin commented 2 months ago

Yes can we test this?

pkjmesra commented 2 months ago

@03sachin and @Anoopvempeny -

Can you please describe how you'd like to view the results in a tabular view that will make sense to users like yourself? I don't intend to include charts/graphs in the screener yet.

03sachin commented 2 months ago

Yes tabular will do

Stock Name Time Frame of Scanning Price value of Proximal line Price value of Distal lines

03sachin commented 2 months ago

Also there is one important concept that zone is Tested or fresh

If possible add this as well