Looking for Weekly Stage 2 Breakout with 2x Weekly Volume
This scan is a good starting point for looking for a Weekly Stage 2 Breakout with 2x Weekly Volume. Once you get the results list, which will be around 30 to 100 results. Create a chartlist and apply a weekly chart style to all. Then go through the results manually in 10 per page view or individually to find any decent Stage 2 breakouts. There's normally only 1 or 2 a week on average.
Code:
[type is stock]
and [country = US]
and [weekly volume > 1 week ago sma(10, volume) * 2]
and [weekly close > 1 week ago close]
and [weekly close > [[weekly high + weekly low] / 2]] //Close in Upper Half of Weekly Range
and [Daily SMA(10,Daily Close) > Yesterdays Daily SMA(10,Daily Close)]
and [Daily SMA(200,Daily Volume) > 400000]
and [Close > 5]
and [SMA(50) > yesterdays SMA(50)]
and [Close > SMA(50)]
and [exchange != PINK]
Edit down the figure proportionally if run earlier in the week. For example change * 2 in the below line to * 1 if run on a Wednesday or 0.5 if run on Monday.
Code:
and [weekly volume > 1 week ago sma(10, volume) * 2]
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.