Breakout Screens - Good Technical and Setup ChartMill Ratings
The Technical Breakout Setups will filter for stocks with a good Technical Rating and a good Setup Rating, leading to a list of breakout setups in the best performing stocks in the market.
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Chartmill Technical Rating and Setup Quality scores
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In this article we will deal with the concept of 'volume' in trading and investing and the way this indicator can give important indications when making buying or selling decisions.
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Technical Breakout Setups
The Technical Breakout Setups screen finds consolidations in strong stocks in the market
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Find breakouts before they actually happen by combining ChartMill Screens and Trading Ideas
Learn how to combine ChartMill Screens and Trading Ideas to find those low-risk breakout trading setups.
Average Volume: 50 SMA > 500K
Minimal Liquidity
ATR in %: ATR > 1
Minimal Volatility
Chartmill Setup Quality: SetupQ >= 7
The Setup Quality should be at least 7 to select stocks which show a decent technical setup pattern.
Chartmill TA Rating: Rating >= 7
The Technical Rating should be at least 7 in order to assure we are looking at solid technical stocks
Price: Above 20
Minimal price
Default chart settings
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.