[isatrader]

A weekly method that's very good at finding the early Stage 2A breakouts is to look for a cross above the weekly Ichimoku Cloud. The scan picks up a cross above the bottom or top part of the cloud, and so it gets a lot of undesirable stocks. But it does a find the odd gem.

Here's the code for Prorealtime's ProScreener:

Code:

ignored, ignored, ignored, indicator1 = CALL Ichimoku[9, 26, 26, 52]
c1 = (close CROSSES OVER indicator1)

ignored, ignored, indicator2, ignored = CALL Ichimoku[9, 26, 26, 52]
c2 = (close CROSSES OVER indicator2)

SCREENER[c1 OR c2] ((close/DClose(1)-1)*100 AS "%Chg yest.")

To make the code work you need to first import the attached Ichimoku.itf file which I've placed in a zip file. So unzip it and then import it as an indicator. And then the screener code above should work.

The Ichimoku screener is run on a weekly range, as you want to target the weekly cloud and not the daily cloud which is different.