New Members: Be sure to confirm your email address by clicking on the link that was sent to your email inbox. You will not be able to post messages until you click that link.
SP500 scan for stocks in uptrend pulling back to 21 day EMA
Hi, has anyone written for this scan? Looking at video tutorials and documentation and not finding it helpful
For instance, you need to specify what "stocks in an uptrend" means in term the scan engine can understand. Note that everyone has a different idea of what an up trend is depending on how they want to trade. An up trend might mean the 200 MA is rising, or, the 50 MA is rising or the 21 MA is rising, etc.
Then, you have to specify what pulling back to the 21 day EMA means. There are different ways to do it. You might specify that the ema is inside the range of current bar, i.e. the ema is less than today's high and greater than today's low. Or you could specify the the 3 day ema today is less than the 3 ema yesterday - that could catch a turn toward the 21 ema before it actually crosses it.
Once you have decided specifically what you want, it's easier to find the code to do it. But if you need help, post what you have and we'll tweak it.