smartguy
47 posts
msg #148559
- Ignore smartguy |
7/17/2019 3:14:34 PM
I'm sure this is a relatively simple scan to put together but I am a coding illiterate so I'm asking for help. Here is what I want to accomplish, the first part even I can do but perhaps someone can put together a clean version.
1. Close is greater then 5 and less then 75 and
2. 10 day Ave daily volume greater then 500,000 and
3. 20MA above the 50MA and 50MA above 200MA and
(that's the easy part)
4. close is less then most recent pivot point high for 3 (maybe 4 or more would work better) OR MORE days. This means it could be down 3 days, 4 days, 5 days etc. as long as its below recent pivot high and the moving averages are still stacked and sloped in an uptrend. This is the part I don't know how to code i.e. 3 or more days below the recent pivot point high while still having the 20ma above the 50MA and 20MA and 50MA above the 200MA.
1,2,3 comprise the trend following portion. 4 is the mean reversion portion. Basically its just scanning for 3 or more days of pullback in an uptrend.
I also want to add a column to the scan showing distance of current price from recent pivot point high so that I can sort for largest difference in current price from the recent pivot high while still meeting the Trend Following portion of the scan. The assumption is the deeper the pullback while still in uptrend offers the best candidates to buy.
My plan is to use this scan to identify stocks that meet this requirement each night after close, then use a breakout indicator on a 30 Minute (or different time increment) chart to trigger the buy the next day, and focus on the stocks with the biggest difference of current price from pivot high. That is the reason for adding that column to the scan. Can anyone help me with this? Any and all suggestions are welcome and appreciated.
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