Basic Retracement Screen - Price near SMA50 - Canadian stocks

Basic Retracement Screen - Price near SMA50 - Canadian stocks Image
RUN IN STOCK SCREENER
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Price retracements to the 50sma level in stocks that are in a rising trend.


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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.

Stock Screener Settings

Price VS SMA: Price In 2% Range Of SMA(50)

To ensure that the price decline is sufficiently pronounced

Exchange: Canada Only

Only Canadian stocks

sma200: SMA(200) Rising

Long term trend

Price VS SMA: Price Below SMA(20)

Price near SMA50

sma50: SMA(50) Rising

Mid term trend

sma20: SMA(20) Rising

Short term trend

RUN
Chart Settings

20,50 and 200SMA overlays visible on the 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.