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Would like to find stocks that broke earlier support and wait to get back for resistance
Mostly the idea is find the stocks going back the last 30 days (or less) that broke let us say 50 day MA, take the trade when it reverses back to 50 MA back. Example, if you look at FSLR it broke 50 MA during the last couple of days. I would like to wait until it touches back 50MA to take the trade.
Pretty new to stockcharts, thank you for your help.
Pretty new to stockcharts, thank you for your help.
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Comments
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A simple cross where the price moves above the 50 MA is what you are looking for?
In other words, the price was below the 50 and moves above it?
Depending on the MA, MACD(1,50,0) going above 0 could be an option. Or Close X your MA of choice (50,Close) could be an option.
Link below explains how to write crossover scans
https://support.stockcharts.com/doku.php?id=scans:advanced_scan_syntax:crossover_scans0
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