Retracement Screens - Using the Macd Indicator
RUN IN STOCK SCREENER
(5)
This screen looks for small price retracements based on the macd indicator which is still below '0' but already rising.
Long
Technical AnalysisDay TradingSwing TradingPosition TradingPull backs / Retracements
Shared by user chartmill - 3 years ago
Volume Increase: Volume More Than Previous Volume
Increased volume supports the rebound
Today>=0%
first sign of a rebound after decline in stock price
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
Price: Above 5
To avoid penny stocks
Average Volume: 50 SMA > 300K
Minimal liquidity
sma20: SMA(20) Above SMA(50)
Medium-term trend still 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.