This simple screener is searching for a daily pattern with 3 candles (short pullback during an uptrend).
Main conditions
- Trend: uptrend with rising SMA200 & close > SMA200
- Liquidity: volume > 15 000 stocks/daily
- No penny stock: close > 0.3€
Pattern conditions
- Low of middle candle < lows of previous and last candle
- Last close > high of middle candle
Go long when price breakout above high of candle before middle candle (ie candle 2 days ago)
Tip: add a stochastic in OS condition or < 50 to get better results.
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c1= (Low[1] < Low) and (Low[1] <= Low[2]) c2 = (high[2] > High[1]) and (Close > High[1]) c3 = (close >= 0.3) indicator1 = average[200](close) indicator2 = average[200](close) c4 = (indicator1 > indicator2[1]) c5= (volume > 15000) c6= (close > average[200]) c7= (close[1] < close[2]) SCREENER[c1 AND c2 AND c3 AND c4 AND c5 AND c6 AND c7] ((close/DClose(1)-1)*100 AS "% Veille") |
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Hello Vinks_o_7 Thank You for your work. I am working on a different candle setup. Your work could give good results. Do you have a strategy related to this screener? (StopLost / R/R)
Hi Maxime
This is a momentum strategy that I use for swing trading (couple of day, weeks).
stop: I use a classical trailing stop base on volatility (1.2/1.5 daily ATR)
The code can be improved (live scan in lieu of Friday style scan…)
Thank you for the code
How can I use it for a short trend?