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Diamond

 
Asia

A diamond pattern forms when price swings first widen and then narrow, tracing a diamond shape, often at the end of a strong trend. It is a rare reversal pattern, and the breakout direction from the diamond signals the next move. This screen lists stocks on Asian exchanges where a diamond pattern was identified on one of the last five bars, most actively traded first. Prices are in each exchange's local currency, and the list covers stocks traded in Tokyo, Hong Kong, Singapore, Seoul and Jakarta with at least about US$0.7 million in average daily trading value.

Screening formula:
exch(tse,hkse,ses,krx,ise) and (type(stock) and ((exch(tse) and advol(21) > 100) or (exch(hkse) and advol(21) > 5) or (exch(ses) and advol(21) > 1) or (exch(krx) and advol(21) > 1000) or (exch(ise) and advol(21) > 10000))) and (diamond)@[0..4] and sortby(advol(5), desc) and show(advol(5) as turnover_5d_m)
 
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   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume  Turnover_5d_m
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