rgosrani
2 posts
msg #156805
- Ignore rgosrani |
5/14/2021 10:28:23 AM
hi, I am trying to create a scan with linear regression slope, I am getting some good results, but I want to get stocks hitting the scanner when they are coming out of consolidation and about to breakout
here is the scripts that I am trying and few stocks that broke out recently (in last 3-6 months) and returned more than 100% in very short amount of time.. goal is to capture those very selective few stocks before they breakout..
ideally I see that best entry point is when linear regression scope is at or below 0.02 or 0.03.. however I am not able to get the scan that can find that are breaking out but they are below 0.02 or 0.03 for LRS(45)
I would like to add screenshot of the chart , but I don't see a way to do there..
appreciate if anyone can help
/*symlist (MOXC, MARA, RIOT, FUTU, SI, BTX, TKAT)*/
high is above 14 day high 1 day ago and lrs(45) is > 0 and ma(4) crossed above upper keltner band(14) and 14 day slope of rsi(14) is below 30 and linear regression(45) slope reached a new 6 month high
and close is between 1 and 22
and volume > 80000
add column lrs(45)
|
push5280
201 posts
msg #156808
- Ignore push5280 |
5/14/2021 8:35:01 PM
I added in a count of days that cma(rsi(5), 45) is above 50. When it crosses 50 it starts an uptrend of varying degrees. It may help. You can adjust the lrs(45) level
|
rgosrani
2 posts
msg #156810
- Ignore rgosrani |
5/15/2021 2:06:04 PM
thank you @push5280 , appreciate your update -
I will do some back testing.. .
|
push5280
201 posts
msg #156817
- Ignore push5280
modified |
5/15/2021 7:55:08 PM
I commented out everything but the rsi(5) cma, I think if you can find the consolidation, the piece I added will help you find some nice moves.
|
TITrader
6 posts
msg #157495
- Ignore TITrader |
9/3/2021 6:51:08 PM
I am new here and thanks for sharing your filter. Are you getting more results on your scans or just a few? Tried scanning and two tickers come back atm.
|