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Croweded trading areas often serve as resistance or support. Thus when the price penetrates a crowded trading area, it is expected to see high volume. If the price goes through crowded areas on light volume, it is suspected that the stock is under the control of some big investors or even market makers. This formula draws a candlestick-like chart. The longer the candlestick is, the more the price has penetrated a crowded area. It further shows a smiling icon when the price range covers more than 18% of the captical (which is the total shares float) in a crowded area, while at the same time, the volume is just less than 1.5% of the capital. This formula is useful if you are analyzing small or medium cap stocks.
Parameter
Default Value
Min Value
Max Value
Parameter
Default Value
Min Value
Max Value
1
3
In MainChart:
2
4
cyqk_o := winner(o) * 100; cyqk_c := winner(c) * 100; cyqk_h := winner(h) * 100; cyqk_l := winner(l) * 100; top := max(cyqk_o, cyqk_c); bot := min(cyqk_o, cyqk_c); up := close >= ref(close, 1); down := not(up); pvol := if(capital = 0, 0, v/capital*100); stickline(up and c>=o, cyqk_o, cyqk_c, 1, 1), colorblue; stickline(up and c<o, cyqk_o, cyqk_c, 1, 0), colorblue; stickline(up, top, cyqk_h, 0, 0), colorblue; stickline(up, bot, cyqk_l, 0, 0), colorblue; stickline(down and c>=o, cyqk_o, cyqk_c, 1, 1), colorred; stickline(down and c<o, cyqk_o, cyqk_c, 1, 0), colorred; stickline(down, top, cyqk_h, 0, 0), colorred; stickline(down, bot, cyqk_l, 0, 0), colorred; drawicon(cyqk_h-cyqk_l > 18 and pvol <= 1.5, cyqk_l, 1), align1;
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Share Price:
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$1
$5
$10
$15
$20
$25
$30
$40
$50
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$100
Min
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$5
$10
$15
$20
$25
$30
$40
$50
$75
$100
Max
Market Cap:
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100 mil
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1 bil
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Min
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100 mil
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10 bil
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