Retracement Screens - Using the Macd Indicator
This screen looks for small price retracements based on the macd indicator which is still below '0' but already rising.
Price: Above 5
To avoid penny stocks
MACD: MACD(12,26,9) Below 0
As a sign of a recent price drop
Volume Increase: Volume More Than Previous Volume
Increased volume supports the rebound
MACD: MACD(12,26,9) Rising
Indicating a possible reversal
sma20: SMA(20) Above SMA(50)
Medium-term trend still positive
Today>=0%
first sign of a rebound after decline in stock price
Average Volume: 50 SMA > 300K
Minimal liquidity
ChartMill Trend: Long Term Trend Positive
Main trend has to be positive
20 and 50SMA + MACD-indicator
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.