Retracement Screens - Using the Macd Indicator

Retracement Screens - Using the Macd Indicator Image
RUN IN STOCK SCREENER
(3)

This screen looks for small price retracements based on the macd indicator which is still below '0' but already rising.


Stock Screener Settings

Today>=0%

first sign of a rebound after decline in stock price

Average Volume: 50 SMA > 300K

Minimal liquidity

sma20: SMA(20) Above SMA(50)

Medium-term trend still positive

Price: Above 5

To avoid penny stocks

Volume Increase: Volume More Than Previous Volume

Increased volume supports the rebound

MACD: MACD(12,26,9) Rising

Indicating a possible reversal

ChartMill Trend: Long Term Trend Positive

Main trend has to be positive

MACD: MACD(12,26,9) Below 0

As a sign of a recent price drop

RUN
Chart Settings

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.