StockFetcher Forums · General Discussion · Momentum Bursts<< >>Post Follow-up
RSprague01
26 posts
msg #161332
Ignore RSprague01
9/1/2024 1:19:11 PM

Hello StockFetcher members. I know we have some brilliant minds on this platform. I do a lot of reading and I keep coming across the concept of momentum bursts. All of authors claim that they have and do make millions (overtime) from the momentum bursts. Do we have any traders who trade using this methodology? If so, what type of scan do you use? I know trading is personal, can you offer your thoughts? Below is a few concepts of what a good momentum burst is about.


How to Identify good momentum burst


A good momentum burst candidate will have following characters:
The day prior to range expansion day will be narrow range day or negative day
The stock will have 3 to 20 days consolidation prior to range expansion day
The stock will have series of narrow range days prior to breakout
On breakout day volume is higher than previous day
On breakout day stock closes at or near its high for the day (preferred)
Stock is not extended. First or second breakout at start of an up trend is preferred.
Stock should have linear and orderly move
A very volatile stock exhibiting drunken man walk kind moves should be avoided
Low float below 25 million is good. Below 10 million float leads to explosive moves
Low priced stocks (below 5 dollar) tend to make very explosive moves of 40% kind in 3 to 5 days.



push5280
201 posts
msg #161333
Ignore push5280
9/1/2024 11:06:39 PM

You may have already done this but...if you go to YouTube and look for the Stockbee channel, Pradeeb Bonde is a big proponent of the momentum burst strategy and has a number of videos where he explains the method and shows his scans with the criteria. There is also a good amount of info on the Stockbee website as well. It's a pay site but there is a large amount of info for free as well. At least there was the last time I visited

RSprague01
26 posts
msg #161334
Ignore RSprague01
9/2/2024 2:53:20 PM

"9/1/2024 11:06:39 PM You may have already done this but...if you go to YouTube and look for the Stockbee channel, Pradeeb Bonde is a big proponent of the momentum burst strategy and has a number of videos where he explains the method and shows his scans with the criteria. There is also a good amount of info on the Stockbee website as well. It's a pay site but there is a large amount of info for free as well. At least there was the last time I visited"

Thanks for your reply, Stockbee is an excellent forum that was mentioned by Kristjan Quilamaggies (spelling?). Both of these traders and a few others I have found use some sort of momentum burst strategy. Of course, we all know they will only tell you so much, for their true technique is their money maker. For myself, I have traded for several years and I do really well day trading my large cap stocks. My concern is that we are moving to a shift in the market and I think it would be wise to explore other options.


xarlor
580 posts
msg #161335
Ignore xarlor
9/3/2024 3:23:38 PM

Maybe?

I borrowed most from this script and added a few of my goto lines.

Fetcher[
/* https://www.stockfetcher.com/forums/General-Discussion/Momentum-Bursts/161332/99999 */
/* Filter based off https://www.tradingview.com/script/6h74IRYK-Stockbee-Momentum-Burst/ */

close > wma(150) for last 60 days

volume > average volume(30) 1 day ago

set{jump,close / close 1 day ago}
jump >= 1.04

set{body,close - open}
body >= 0.9

close > close 1 day ago
close > open

set{high30,high * .70}
close >= high30

atr(1) >= atr(1) 1 day ago
jump 1 day ago <= 1.02
volume >= 100,000

ema(10) > ema(20)

do not draw jump
do not draw body
do not draw high30
do not draw atr(1)
]



miketranz
961 posts
msg #161354
Ignore miketranz
9/10/2024 7:56:32 PM

Fetcher[close BETWEEN .25 AND 5
close reached a new high 30 day high
count(close reached a new high 90 day high 1 day ago,90) equals 0
draw MA(40)
draw high 30 day high
AND avg Average Volume(30) above 1000000
]

Try this breakout setup I use.Best,Miketranz....

snappyfrog
721 posts
msg #161355
Ignore snappyfrog
modified
9/10/2024 8:34:25 PM

@Miketranz

I use one similar to yours.

Fetcher[
close between .1 and 5
set{clhi, count(close reached a new high 10 day high,1)}
draw clhi > .99
and clhi 1 day ago < .99
and close > EMA(30)
draw high 10 day high
and Average Volume(30) above 1000000
]



miketranz
961 posts
msg #161356
Ignore miketranz
9/11/2024 5:18:20 PM

Snappy,looks good....

RSprague01
26 posts
msg #161367
Ignore RSprague01
9/14/2024 10:21:51 PM

I appreciate the filters, will give them a try.

sr7
143 posts
msg #161385
Ignore sr7
modified
10/1/2024 12:02:14 AM


Here's the Stockbee-Momentum- STAR-Burst scan

I added the Aroon Oscillator --- if it's above the red line it's golden; if it's above the green line, it's gone platinum!

In the columns section, look for the highest number for the Aroon Osc 20 and avoid any stock with a number below 50, or any negative numbers. If you want to diversify, by the stocks with the 2 biggest Aroon numbers.





Fetcher[

/*
Stockbee-Momentum- STAR-Burst
https://www.stockfetcher.com/forums/General-Discussion/Momentum-Bursts/161332/99999 */
/* Filter based off https://www.tradingview.com/script/6h74IRYK-Stockbee-Momentum-Burst/ */

market is not etf
market is not otcbb

close > wma(150) for last 60 days

volume > average volume(30) 1 day ago

set{jump,close / close 1 day ago}
jump >= 1.04

set{body,close - open}
body >= 0.9

close > close 1 day ago
close > open

set{high30,high * .70}
close >= high30

atr(1) >= atr(1) 1 day ago
jump 1 day ago <= 1.02
volume >= 500000

pe >= 1

ema(10) > ema(20)

do not draw jump
do not draw body
do not draw high30
do not draw atr(1)



draw Aroon Oscillator(20) line at 50
draw Aroon Oscillator(20) line at 80
add column Aroon Oscillator(20) {Aroon Osc 20}


sort on column 5 descending

]



StockFetcher Forums · General Discussion · Momentum Bursts<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2022 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.