Buyable gap-up

affolsa1

Hi there,

I'm looking for a "Chris Kacher buyable gap-up" scan with the following pattern:

1. At least 0.75 times the stock’s 40-day Average True Range of the day before the gap-up day
2. Occur on volume at least 1.5 times or 150% above the 50-day moving average of daily trading volume
3. Occur within an uptrend or constructive consolidation, not during a downtrend

Any ideas on this?

Thanks
Sascha

markd

You can select the indicators you have chosen from the drop downs under the scan window and then edit for the conditions you want.

You didn't specify what an up trend is - you could test for either the 200 ma greater than say 21 days ago, or the 50 ma greater than say 10 days ago.

If you get stuck, post what you have.

affolsa1

Hi Markd

This is what i currently have:

[type = stock]
and [country = us]
and [group is not ETF]
and [SMA(50,volume) > 400000]
and [close > SMA(200,close)]

and [Daily Low > Yesterday's Daily High * 1.026] // gap-up check
and [Daily Volume > Daily SMA(50,Daily Volume) * 1.5] //Volume at least 150%
and [sma(200, close) > 30 days ago sma(200, close)] //Uptrend at least 1 month

I don't know how i can include the atr(40) *0.75 measurement into the gap-up check.

Thanks for your help

Krgds
Sascha

markd

I think this should do it. The expression ATR(40)*.75 just needs to be isolated in its own brackets. You have to use brackets because the scan engine reserves parentheses for functions and indicators like max(10,close) or MACD Line(12,26,9).

[type = stock]
and [country = us]
and [group is not ETF]
and [SMA(50,volume) > 400000]
and [close > SMA(200,close)]

//and [Daily Low > Yesterday's Daily High * 1.026] // gap-up check


and [Daily Low > Yesterday's Daily High + [ATR(40) * .75] ]// gap-up check


and [Daily Volume > Daily SMA(50,Daily Volume) * 1.5] //Volume at least 150%
and [sma(200, close) > 30 days ago sma(200, close)] //Uptrend at least 1 month


p.s. 30 days ago is about six weeks, (6 x 5 tradings days a week, except for holidays) which is a perfectly good test. No reason to change it if you like it. A month would be about 20 - 21 trading days (4 x 5 days plus two extra days usually, at the beginning or the end of the month or both, minus one holiday, usually)

affolsa1

Thanks. It works like that.