Retracement Screens - Price below SMA20 and above SMA50
This swing trading screen is based on the relationship between the price and two moving averages, being the 20 and 50SMA.
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Screening options for a Retracement Strategy based on Moving Averages
In this video i'll go over some price retracement trading screens using the 20, 50 and 200 simple moving averages.
Average Volume: 50 SMA > 300K
to ensure that there is sufficient liquidity
sma50: SMA(50) Rising
mid term trend is up
Price VS SMA: Price Above SMA(50)
to ensure that the decline is contained within the existing trend.
Price VS SMA: Price Below SMA(20)
defining the price retracement
Today>=1%
This ensures us that the most recent day within the ongoing price decline closed positively
sma20: SMA(20) Rising
short term trend is up
Price: Above 5
stocks priced too low are sometimes too easy to manipulate
Exchange: US Only
personal preference
daily charts
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.