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Day 3 Play

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Day 3 Play — Indicator Summary

The Day 3 Play indicator is designed to identify outsized moves on Day 1 with a consolidation on Day 2 and are primed for a breakout on Day 3.

Day-1: A stock makes an outsized move (configurable, default = ±3% from prior close) on above-average relative volume (default = ≥3× 30-day average).

Day-2: The stock consolidates inside the Day-1 range (an inside bar).

Day-3: Price is primed for a breakout beyond the Day-2 high (bullish) or Day-2 low (bearish).

How It Works in the Pine Screener

The script computes Day-1 moves, Day-2 ranges, and checks volume requirements in the daily timeframe.

In the Screener, add a watchlist that includes your custom list of stocks. Then, add the custom Day 3 Play indicator. Select the time frame and the parameters from the indicator.

Screener columns (hidden by default) report whether a setup is found, whether it’s bullish or bearish, and the precise trigger/offset levels.

Alerts and Offsets

Alerts are available for:

Breakout at the Day-2 high/low (the trigger).

Approaching within an offset (configurable, default = 0.25%) from the Day-2 high or low.

This lets you catch moves as they’re forming intraday, even in extended hours, and not just after the breakout occurs.

Customization

Thresholds: Adjust the Day-1 % move (default 3%) and minimum relative volume (default 3×).

Alert Offset: Change the proximity level (default 0.25%) where alerts should fire before the breakout.

Visibility: Toggle chart lines (levels and offsets) and a debug panel separately.

Lookback: Control how many past days are scanned for the most recent valid setup.

On-Chart Levels

Day-2 High/Low: Shown as reference levels.

Bull/Bear Level: The breakout level (Day-2 high or low depending on setup).

Alert Offset Lines: Offset from the breakout level by your chosen % for early alerts.

Key Calculations

Relative Volume (RVOL): Day-1 volume ÷ 30-day average (excluding the day itself).

Inside Bar: Day-2 high ≤ Day-1 high and Day-2 low ≥ Day-1 low.

Breakout Levels:

Bullish = Day-2 High (with offset below).

Bearish = Day-2 Low (with offset above).
ملاحظات الأخبار
Updates to alerts, and day 2 levels.

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