[isatrader]

Are you able to share your screener which you use to identify stage 4 breakdowns, please?

Here you go, only a few minor differences to long version, reversing a few greater than symbols to less than. And you want to change the sorting criteria to show lowest values of sorting criteria. Bottom right above the Execute ProScreener button

Code:

indicator1 = Volume
indicator2 = Average[200](Volume)
c1 = (indicator1 > (indicator2*2))

c2= Close[0] < Close[1]

c3= Average[10](Close[0]) < Average[10](Close[1])

Condition1 = (Close[0]-Close[1]) / AverageTrueRange[200](close)

SCREENER[c1 AND c2 AND c3] (Condition1 AS "ATR change")

---

Thanks. I understand what it is doing in the code/screener, it is the indicator AverageTrueRange i'm trying to get my head around...why a MA couldn't have just been used instead I'm sure the penny will drop when I am on my way to work, or something, it always does

The purpose of using the 200 day Average True Range to rank the stocks, is that we are looking for stocks making abnormal moves compared to their normal range. So using the percentage gain wouldn't tell you anything other than it's had a big move, and small cap stocks have big moves every day in both directions. So by using the ATR instead, you get the stocks that are making the biggest moves relative their price action over the last 200 days, and not just a list of small and micro cap stocks, as you only get the top 50 results.