[Tryst]

Touch of 10 Week MA Scan

Great trader entry point/add to trade screener this one. The amount of times I've seen the 50 day MA touched on stocks where the path of least resistance is higher.

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Ok, here my attempt at an early stage 2 break out screener. It is the initial version of it and I already know it needs some work on. I would like to include conditions that take into account the slope of some MAs and also maybe the check against Ichimoku, as Isatrader has put in another post. I may even remove the RSI condition.

Hopefully ProRealTime will include the Mansfield RS indicator in its proscreener in the near future.

Code:

c1a = RSI[150](Close[0])
clb = RSI[150](Close[5])
c1 = Average[9](c1a) > Average[9](clb)

c2 = Close[0] > Average[150](Close[1])

c3 = Close[0] > Close[1]

c4 = Close[2] < Average[150](Close[2])

c5 = Volume > (Average[42](Volume) * 1.2)

c6 = Average[42](Volume) > 10000

c7a = (Highest[15](High) - 1)
c7 = Close[0] > c7a

// The average True Range percentage difference in the last week. So the big movers relative to their price are brought to the top of the screener.
Condition1 = (CLOSE[0] - CLOSE[5]) / AVERAGETRUERANGE[200](close)

SCREENER [c1 and c2 and c3 and c4 and c5 and c6 and c7] (Condition1 AS "ATR change")

Any comments welcome.