Support and Resistance Stock Screener and Trading Strategies
The Stock Screener supports different support and resistance trading strategies. Some examples are listed in this article.
Breakout Screens - Finding Horizontal Bases using ChartMill Channels
RUN IN STOCK SCREENER
(144)
Using chartmill channels in combination with trend intensity can find some nice horizontal basing patterns.
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Technical AnalysisDay TradingSwing TradingPosition TradingBreakout Trading
Momentum
Shared by user chartmill - 11 years ago
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Stock Screener Settings
UCC Length: UCC Length > 20
The upper channel has a minimum length of 20 days
LCC Strength: LCC Strength > 3
The lower channel strength is at least 3
CC Width: max 8%
Prices are in an 8% range
LCC Length: LCC Length > 20
The lower channel has a minimum length of 20 days
Trend Intensity: TI > 105
Trend intensity is at least 105, this means a strong trending stock
UCC Strength: UCC Strength > 3
The upper channel strength is at least 3
Average Volume: 50 SMA > 500K
A minimum required volume to filter out less liquid stocks
Chart Settings
The channels on a daily chart
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.