Need help to scan stock making higher top higher bottom from last 2-3 months.

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  Mark_L ✭

  November 2014

  Here is a scan I use for bullish stocks making a pullback. You can use a similar scan but change the "less than" to "greater than" and the time periods. You can also add the same comparison for daily low in addition to daily high.
  
  • 20-day Exponential Moving Average of Close for today is greater than 50-day Exponential Moving Average of Close for today
  • 50-day Exponential Moving Average of Close for today is greater than 200-day Exponential Moving Average of Close for today
  • Daily Close for today is greater than 20-day Exponential Moving Average of Close for today
  • Daily High for today is less than Daily High for yesterday
  • Daily High for yesterday is less than Daily High for 2 days ago
  • Daily High for 2 days ago is less than Daily High for 3 days ago
  • Daily High for 3 days ago is less than Daily High for 4 days ago
  • Daily High for 4 days ago is less than Daily High for 5 days ago

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  markd mod

  November 2014 edited November 2014

  Here's another alternative to try (Mark_L's scan is great, just taking another approach):
  
  [type = stock] AND [Daily SMA(20,Daily Volume) > 40000]
  
  // lower price channel is still rising
  
  and [Lower Price Chan(21) = max(21, Lower Price Chan(21))]
  
  // test current month channels against prior month
  
  // lowest upper price channel in last 21 days is better than the best of prior 21 days
  
  and [min(21, Upper Price Chan(21)) > 21 days ago max(21, Upper Price Chan(21))]
  
  // and same test of lower price channel
  
  and [min(21, Lower Price Chan(21)) > 21 days ago max(21, Lower Price Chan(21))]
  
  //************if you want, same tests for second month versus third month
  //and [21 days ago min(21, Upper Price Chan(21)) > 42 days ago max(21, Upper Price Chan(21))]
  
  //and [21 days ago min(21, Lower Price Chan(21)) > 42 days ago max(21, Lower Price Chan(21))]
  
  The test of the most recent two months gets a reasonable number of hits that look pretty good. Adding the third month gets no hits, so I left it in but commented it out. Those lines might be useful in a different market.
  
  You could play with the 21 day parameter to see if it makes a difference.

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