A simple but effective bullish swing setup that someone asked me recently.
The bullish trend is established and price is consolidating and still near than the latest 20 days high and below the 10 days moving average, maybe a good time for a possible new buy? Hope it helps swing traders around here.
//PRC_Bullish Swing Setup | screener
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
c1 = close>average
c2 = average(volume)>20000
c3 = close<average
c4 = close/highest(high)>0.85
c5 = summation(average>average)=20
swing = c1 and c2 and c3 and c4 and c5
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bonjour, ton screener semble intéressant …. merci pour le partage
Hi Nicolas – many thanks for your screener. One question if I may – how does condition 5 work in practice (summation(average>average)=20)? I.e could you explain what this line does? Many thanks again.
In the last 20 periods, the SMA 10 periods was above the SMA 20 periods.