Bull Flags
This screen finds bull flag patterns. A bull flag is a technical continuation pattern which can be observed in stocks with strong uptrends. The pattern takes shape when the stock retraces by going sideways (or by slowly declining) after an initial big rise in price. When you see the graphical representation of this pattern, you’ll notice that it somehow looks like a flag on a pole.
Bull Flag Trading: How To Do It?
This Bull Flag Trading guide explains how to take advantage of the pattern, both as a swing and day trader.
Bull Flag Chart Pattern Explained
A bull flag pattern is a continuation pattern and they frequently occur in stocks that are in a strong uptrend. Because the strong uptrend is almost vertical, it resembles a pole. The sideways price movement that follows has similarities to a flag, hence the name bullish flag formation.
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Signal: Bull Flag
This filters for the bull flag pattern.
Average Volume: 50 SMA > 500K
This filters for a minimum average daily volume of 500K to ensure liquidity.
The Flag pattern is shown on the charts.
Regional Run
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.