This breakout stocks screener come with my article here : http://www.prorealcode.com/blog/trading/stocks-breakouts-find-easily-proscreener/
Its purpose is to find the current stocks that may breakthrough their recent 52 week high on a daily timeframe.
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//bullish trend EMA1 = exponentialaverage[20](close) EMA2 = exponentialaverage[50](close) bullish = Close>EMA1 AND Close>EMA2 AND EMA1>EMA2 //near 52 week highest price FiftyTwoWeekHigh = highest[250](high) FivePercentBelow = 1-(Close/FiftyTwoWeekHigh)<5/100 //the recent 52 week high were created at least 3 days ago if FiftyTwoWeekHigh = FiftyTwoWeekHigh[1] AND FiftyTwoWeekHigh = FiftyTwoWeekHigh[2] AND FiftyTwoWeekHigh = FiftyTwoWeekHigh[3] THEN AtLeast3DaysAgo = 1 ELSE AtLeast3DaysAgo = 0 ENDIF AllConditions = bullish AND FivePercentBelow AND AtLeast3DaysAgo = 1 SCREENER [AllConditions] |
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This stock screener has also been re-coded for bearish side to fetch breakdown stocks, as a request on ProScreener support forum, here : http://www.prorealcode.com/topic/breakdown-stocks-fetcher/
Hi, shouldn´t it be or instead of and? if FiftyTwoWeekHigh = FiftyTwoWeekHigh[1] OR FiftyTwoWeekHigh = FiftyTwoWeekHigh[2] OR FiftyTwoWeekHigh = FiftyTwoWeekHigh[3] THEN
Line 4 has a redundant term “Close>EMA2.” is not necessary as EMA2 will always be less than EMA1. So only needs
bullish = EMA1 > EMA2 AND Close > EMA1
Thanks
It a good job !