Momentum Screens - High Trend Intensity on Increased Volume

Momentum Screens - High Trend Intensity on Increased Volume Image

This screen finds stocks in a strong trend that are moving on increased volume. There is not necessarily a good entry point, if not it may still be interesting to put these stocks on a watch list.

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Trend Intensity Indicator

The Trend Intensity indicator measures the strength of the trend.

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5 momentum screening ideas using ChartMill

In this video I’ll be covering 5 predefined momentum screening ideas from our Trading Ideas' section in ChartMill. Momentum trading means that you are primarily concerned with short-term positions. The intention is to buy stocks which are already rising and to sell them again quickly as soon as the first signs are visible that the rising is losing momentum. As an investor you try to benefit from the high volatility associated with the rise in this relatively short time.

Stock Screener Settings

Performance1: today > 2%

This filters for stocks moving at least 2% up today.

Volume Increase: 20% more last 5 days

This filters for stocks that show an increase in volume over the last 5 days.

Average Volume: 50 SMA > 500K

This excludes stocks trading less than 500K shares per day.

Trend Intensity: TI > 105

This finds stocks showing a strong uptrend.

Chart Settings

Just the 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.