VCP Scanner — DhanTrader

Startup log (2 lines)

[2026-09-18 08:31:32] VCP Scanner script execution started.

[2026-09-18 08:31:33] ✅ Instrument lookup: 779 (Nifty100: 96, ETF: 372, MCX: 175, Indices: 136)

VCP Scanner

Volatility Contraction Pattern — detects prior rally, horizontal resistance, and contracting pullbacks (Minervini-style VCP proxy).

Relaxed defaults (more ideas): modest prior rally, 1+ contracting pullbacks, wider "near resistance" band including small pierce above. Tighten parameters below for a stricter VCP. Results link to Chart Analysis for each symbol.

Scan parameters

Universe

Timeframe

Daily/Weekly recommended for classic VCP.

Select symbols

Start date

End date

Min history (bars)

Resistance lookback (bars)

Min prior rally to resistance (%)

Rally base window (early % of range)

Contractions (min–max)

–

Min 1 = shallowest pullback only.

Near resistance (% below R)

Wider = more names.

Max pierce above R (%)

Still "near" if close up to this % above resistance.

Resistance touch tolerance (%)

Min deepest contraction (%)

Min each pullback depth (%)

Depth compare epsilon

Higher = looser contracting.

Pivot width (bars each side)

1 = more pivots.

Exclude last N bars from pivots

Result filter

Only near resistance / breakout All with contracting structure

[2026-09-18 08:31:33] VCP Scanner script execution finished.