A screen for stocks in a rising trend whose price has recently fallen slightly. These retracements can be used to take long positions in that specific stock.
Some general pointers on trading, setups, position sizing and money management.
Moving averages are an ideal tool to determine the price trend of a share. How to do that and which things to take into account is discussed in the article below.
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In this video, I walk you through a momentum swing trading screen that focuses on price retracements within an uptrend — specifically pullbacks to the 20-day simple moving average (SMA20).
In this episode I'll show how you can use different MOVING AVERAGE filters to screen for stocks in a rising trend whose price has recently fallen slightly. These RETRACEMENTS can be used to take long positions in that specific stock.
as part of the pullback, price below SMA20
Minimal Liquidity
Trendfilter
to identify the Long Term Trend of the stockprice
Trendfilter
Only US stocks
Trendfilter
Trendfilter
Trendfilter
Minimum Price
as part of the pullback, price above SMA20
EOD screen, based on daily candles
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.