Two Swing Trading Momentum Screens in ChartMill
In this video, I want to take a closer look at two specific swing trading momentum screens available in the ChartMill Stock Screener.
Explosive move, pullback and bounce
RUN IN STOCK SCREENER
(89)
I have found this scanner to find good, volatile, low-priced stocks that has made an explosive move, pulled back slightly and about to make a low (reverse back up)
Long
Technical AnalysisRelated Videos
Stock Screener Settings
Stochastics: Stochastics > 70
oversold.
RSI: RSI(2) > 70
oversold.
Flag Length: Length < 6
do not want it too long
Flag Type: Bull Flag or Pennant
To find stocks that has made a big move, and now reaccumulating for a new move up (with low volume preferably)..
SMA1: Price Above SMA 10
one of main indicators that the stock is still in an uptrend
MACD: MACD(12,26,9) > 0
MACD still bullish.
Regional Run
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.