Range-Bound Screener
Use this playbook to spot stocks oscillating cleanly between support and resistance while you wait for either a tradeable bounce or a breakout.
Overview
How to use Range-Bound Screener
Favor repeated reactions at both edges
The best ranges show several clean respect points near support and resistance instead of random sideways drift.
Separate trading ranges from dead charts
A good range still has clear buyers and sellers; a dead chart just lacks participation and direction.
Use the screener to prepare alerts
Mark the upper and lower bounds, then decide in advance whether you want a range trade or a breakout follow-up.
Escalate the strongest names to your active list
Stocks ranging near highs inside strong sectors deserve more attention than weak charts chopping near lows.
Starter parameter guide
These are the main inputs you can tune on the page and the range to begin with when you want a clean first pass.
| Parameter | What it does | Good range to start |
|---|---|---|
| Market | Choose the exchange universe you want to scan first. | Run India and US separately. |
| Number of Stocks | Controls how many names are scanned from the selected market. | Start with 60 to 180 names. |
| Range Window | Sets how many recent sessions are used to define the box and test whether price is really range-bound. | Start around 50 to 80 trading days. |
| Max ADX | Keeps out names already trending too strongly to be considered true ranges. | Start around 18 to 25. |
| Max ATR % | Filters for stocks whose daily movement is controlled enough to form a usable range. | Start around 2% to 4%. |
| Max BB Width % | Helps focus on tighter volatility conditions rather than wide, unstable swings. | Start around 6% to 10%. |
| Max Position in Range % | Prefers names closer to the lower half or middle of the range instead of already testing the ceiling. | Start around 55% to 70%. |
| Min Accumulation Score | Keeps only ranges with stronger evidence of constructive holding or accumulation. | Start around 55 to 70. |
Common mistakes to avoid
Best way to use this playbook
Use the page to narrow the market quickly, then promote only the strongest chart-plus-context setups into your active watchlist or research queue.