Breakout Screens - Good Technical and Setup ChartMill Ratings

Breakout Screens - Good Technical and Setup ChartMill Ratings Image

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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View the technical health and setup quality of any stock with these ChartMill ratings.

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Trend Following Swing Trading Strategy Guide

WHY TREND FOLLOWING? Typical trend investors have only three consecutive goals in mind: 1. Identify new potential long-term trends 2. Stay invested in clear strong trends as long as possible 3. Close positions as quickly as possible when it is clear that the trend has ended. Thus, the purpose of a Trend Following Swing Trading Strategy is not to predict tops or bottoms. The typical trend trader will try to identify the main trend before taking a position and then open a position in the direction of that prevailing trend in order to maximize potential profits. In this video we take a look at some trend following entry techniques.

Stock Screener Settings

Chartmill TA Rating: Rating >= 7

The Technical Rating should be at least 7 in order to assure we are looking at solid technical stocks

ATR in %: ATR > 1

Minimal Volatility

Price: Above 20

Minimal price

Chartmill Setup Quality: SetupQ >= 7

The Setup Quality should be at least 7 to select stocks which show a decent technical setup pattern.

Average Volume: 50 SMA > 500K

Minimal Liquidity

Chart Settings

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.