Stocks Below 8 Simple Moving Average

daniel_fromcebu

How do I scan for stocks for 90 days where the 8 SMA is also below the 20 SMA and the stock price is below the 8 continuously for say 90 days and vice versa.

markd

Hi Daniel

for 8 below 20:

and [max(90, MACD Line(8,20,0)) < 0.0]

You could also use MACD Hist with the same parameters.

For close below the 8, it would be

and [max(90, MACD Line(1,8,0)) < 0.0]

You can use 1 period moving average as a substitute for the close.

However, I get no hits the 1,8 combination. I think it is probably very rare that the close would stay under such a short MA for such a long time.

This method was pointed out by either Gord or ekwong on the old scan. You may find more under s.c.a.n. archives.

daniel_fromcebu

Thank so much Markd