I am looking for a scan to check for stocks at the base of stochastics getting ready to turn up.
Every scan I have tried keeps taking me back to the top of the stochastics range (80) which as many know, is not a good indicator.
I attached a chart of what I am looking for here on StockCharts.com.
The following code is wrong. Although it works, it will give results of an over bought indicator at the top of the range. (80)
AND [Slow Stoch %K (70,3) > 50]
AND [ADX Line (14) < 20]
AND [today's Slow Stoch %K (14,3) x 80]
I tried this also...
AND [weekly Slow Stoch %K(14,3) x weekly Slow Stoch %D(14,3)]
Something is definitely wrong with the coding within StockCharts. This cannot be this difficult for something that looks so easy to accomplish.
I want stocks that are at the bottom of the stochastics range. (20) - Turning up as indicated within the chart attached.
Any help would be sincerely appreciated.
Happy New Year and best of luck with all your trades!