Scan for bases

lynden

Anyone have a scan designed for bases. Example I bought some $REGN before its recent run up and loved its base prior to this breakout. Would like to see some examples . Thanks in advance

markd

Scan for an upper price channel that is flat for as long as you think is necessary, and then a moving average that is rising below that upper channel. You have to figure out the time frames you think are best.

so, something like

upper price channel = x days or weeks ago upper price channel

and sma(?, close) > x days ago sma(?, close)

If your time frame is weekly, the sma test would be

and weekly sma(?, weekly close) > x weeks ago sma(?, weekly close)

Just a suggestion. I'm sure there are many other ways;

lynden

Thanks tried to copy and paste and received error . Is this in the advance area or standard? Thanks in advance

markd

It's just the logic, not the syntax. You can get the syntax from the drop downs on the advanced scan page.