What problem does it solve?
Identify high-probability Volatility Contraction Pattern (VCP) setups across a stock universe so traders can find Stage 2 momentum stocks with defined pivots, quantified risk, and actionable entry guidance without manual chart-by-chart review.
Core Features & Use Cases
- Automated VCP detection: Detects progressive volatility contractions (T1/T2/T3), classifies pattern type, and computes pivot and stop levels.
- Composite scoring & execution state: Computes a 5-component composite score (trend template, contraction quality, volume, pivot proximity, relative strength) and an independent execution state that can cap ratings.
- Volume & breakout analysis: Measures dry-up ratios, breakout volume scores, and applies Minervini-style volume confirmation rules.
- Flexible universes and reporting: Run default S&P 500 scans or custom ticker lists, output structured JSON and human-readable Markdown reports for downstream workflows.
- Use Cases: Pre-market screening for watchlists, backtesting VCP parameter sets, and preparing trade-ready candidate reports for discretionary entries.
Quick Start
Run the VCP screener against the S&P 500 using your FMP_API_KEY to generate JSON and Markdown reports of top Minervini-style VCP candidates.