[isatrader]

This scan looks for a rebound off of the 21 day EMA of a stock that's in a Power Trend.

A power trend starts when these four things take place simultaneously on a major index:

1. The low is above the 21-day exponential moving average (EMA) for at least 10 days.
   
2. The 21-day EMA is above the 50-day simple moving average for at least five days.
   
3. The 50-day line is in an uptrend (one day is sufficient).
   
4. The market closes up for the day.
   

A power trend typically ends when the 21-day crosses back below the 50-day.

Code:

[type is stock]
and [country is US]
and [daily sma(50,daily close) > 1 days ago daily sma(50,daily close) ]
and [ Daily Close > Daily Open ]
and [Daily Low > Daily EMA(21,Daily Close)]
and [1 days ago Daily Low < 1 days ago Daily EMA(21,Daily Close)]
and [2 days ago Daily Low > 2 days ago Daily EMA(21,Daily Close)]
and [3 days ago Daily Low > 3 days ago Daily EMA(21,Daily Close)]
and [4 days ago Daily Low > 4 days ago Daily EMA(21,Daily Close)]
and [5 days ago Daily Low > 5 days ago Daily EMA(21,Daily Close)]
and [6 days ago Daily Low > 6 days ago Daily EMA(21,Daily Close)]
and [7 days ago Daily Low > 7 days ago Daily EMA(21,Daily Close)]
and [8 days ago Daily Low > 8 days ago Daily EMA(21,Daily Close)]
and [9 days ago Daily Low > 9 days ago Daily EMA(21,Daily Close)]
and [Daily EMA(21,Daily Close) > Daily SMA(50,Daily Close)]
and [1 days ago Daily EMA(21,Daily Close) > 1 days ago Daily SMA(50,Daily Close) ]
and [2 days ago Daily EMA(21,Daily Close) > 2 days ago Daily SMA(50,Daily Close) ]
and [3 days ago Daily EMA(21,Daily Close) > 3 days ago Daily SMA(50,Daily Close) ]
and [4 days ago Daily EMA(21,Daily Close) > 4 days ago Daily SMA(50,Daily Close) ]

// Quality Filters – Added to cut down unnecessary results
and [exchange != PINK]
and [group is not ETF]
and [Close > 5]
and [Daily SMA(200,Daily Volume) > 400000]

The scan could be edited to remove or edit the quality filters. i.e to see ETFs. Just comment out the line:

Code:

and [group is not ETF]

Or if you have volume requirements then edit the volume line number:

Code:

and [Daily SMA(200,Daily Volume) > 400000]