Widest Column

Wide range column is when the length or number of boxes in the column is more than the earlier column. As compared with earlier columns, the swing move is longer.

The pattern can be used if you want to look for a column with the highest range compared to the previous n columns. N is the number of columns you can choose.

For example, if you are looking for widest column range in the last 4 columns, this pattern will help. Highest range in last 4 column indicates that the swing length is high compared to earlier column that shows strong momentum and trend. It is a strong bullish trend if it is a column of ‘X’ and a strong bearish trend if it is a column of ‘O’. The pattern shows that the strong trend has emerged following the period of consolidation or normal range.

This pattern can be plotted on the chart by adding it from the Add study menu in TradePoint & Patterns in RZone. The pattern is also available in the System Builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.