This stock screener is for long only strategy. It detects a potential continuation of a trend after a consolidation, as it has many filters it returns only a few stocks but with great potential. Entry would be made with stop order at last candle high price plus half of it. Beware of round price when placing stop orders.
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indicator1 = close indicator2 = Average[30](close) indicator3 = Average[200](close) indicator4 = Average[7](close) // trend detection c1 = ((indicator1 > indicator2[1]) AND (indicator2[1] < indicator2) AND (indicator2 > indicator3) AND (Close[1] > indicator2[1])) // breakout detection breakout = ((Open < Close) AND ((Open[1] <= indicator4) OR (Low[1] <= indicator4)) AND Close > Highest[5](High)[1]) // higher past price histo = High > Highest[20](High)[1] // slope angle c2 = ((indicator2 / indicator2[20]) -1) *10 > 0.25 // no price too far from average criteria = (CLOSE / indicator2 - 1) * 100 c3 = criteria < 10 // no gap filtering noGap =((( min (dopen(0) , dclose(0)) / max (dopen(1) , dclose(1)))- 1) * 100) < 0.3 SCREENER[c1 AND c2 AND c3 AND breakout AND histo AND noGap] |
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