High Tight Flag

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RUN IN STOCK SCREENER
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Only stocks in bullish trend, showing strong price run-up, decent relative strength and diminishing volume in the flag itself.


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High Tight Flag Pattern

The high tight flag becomes visible after a sharp uptrend on high volume. Afterwards, the price - as with the regular bull flag - moves into a sideways range for a short period of time. The price consolidates and the volume decreases significantly. Once the price breaks out above the flag pattern again, one can assume a continuation of the existing bullish trend.

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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.

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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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Find Stocks with High Tight Flag Patterns - A ChartMill Screen

In this video, I show you how to use the ChartMill stock screener to find these types of setups.

Stock Screener Settings

Exchange: US Only

Only US stocks

(high>=(high52Weeks*0.75))

Current high within 25% of 52-week high

Bull/Bear Flags: Bull Flag

Pattern recognition

Bull/Bear Flags: Flag Pole Above 10

Length of Flag Pole higher than 10%

sma200: SMA(200) Rising

Long-term trend bullish

Average Volume: 50 SMA > 200K

Sufficient liquidity

Price VS SMA: Price Above SMA(200)

Long-term price trend up

sma50: SMA(50) Above SMA(150)

Short-term trend positive 1

CRS>=70

Solid relative strength

Volume Increase: Volume(Week) 50% Less Than Vol(Previous Week)

Less volume in the flag itself

Price VS SMA: Price Above SMA(150)

Medium-term price trend up

Price VS SMA: Price Above SMA(50)

Short-term price trend up

(close>=(low52Weeks*1.3))

Current close at least 30% higher than 52-week low

sma50: SMA(50) Above SMA(200)

Short-term trend positive 2

sma150: SMA(150) Above SMA(200)

Medium-term trend positive

RUN
Chart Settings

Daily timeframe

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.