Finding narrow trading ranges with ChartMill Channels
A Chartmill Channel is a horizontal channel wherein prices move sideways
Learn how to find horizontal bases after a strong uptrend by using ChartMill Channels
The Stock Screener supports different support and resistance trading strategies. Some examples are listed in this article.
In this video I discuss a number of potentially interesting shares that were spotted with the predefined screens in our stock screening tool Chartmill. At the same time I show you how to manage your risk properly using the position sizing tool.
Learn how to combine ChartMill Screens and Trading Ideas to find those low-risk breakout trading setups.
The upper channel has a minimum length of 20 days
Trend intensity is at least 105, this means a strong trending stock
The lower channel strength is at least 3
Prices are in an 8% range
The lower channel has a minimum length of 20 days
A minimum required volume to filter out less liquid stocks
The upper channel strength is at least 3
The channels on a daily chart
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.