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For the purpose of identifying potential trades for writing put credit spreads, using StockCharts, I developed a scan that yields stocks -with an SMA(14) Price > $20 and an SMA(14) Volume > 1 million- that are currently trending up.
Is the ROC indicator the best for finding out if there is “any mileage left” in the price rise? What settings?
For additional trend confirmation, what are other indicators? What settings?