The “BUY Stock” screener

The “BUY Stock” screener

Hello fellow traders,

Here is a simple but very effective screener code of my own.
It detects the stocks that can be purchased.
These stocks must show some conditions, of course.
But it is not sufficient.
They must BREAK a TRENDLINE (a resistance).

And no code will detect this for you. That’s why we can’t backtest this kind of strategy. But it easy to make a screener, and an indicator.

On the graphic, I did set the volumes, and the 10 average volumes.

I also show you some trendlines breaks on the same stock.

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. Nicolas • 05/08/2016 #

    Thanks Doc. If you want to test if your big candle have made a good move and have pierced a trendline, maybe you could just make a lookback with a simple loop in the previous candles and test if these ones were in a narrow range? Look for their highest and lowest values or average their prices to find the distance within the close of your big candle.

  2. Doctrading • 05/08/2016 #

    Hello, Nicolas.
    Yes, I did also think that it is possible : 

    add a criteria of candle size (with ADX, etc.)
    add a breakout of the 10 last high
    etc.

    But I think the best indicator is how do you see the candle. 
    If someone wants some more criteria, it is always possible.
    Best Regards, 

  3. Julien Krs • 05/08/2016 #

    Salut doc, pas moyen d’avoir un signal, j’ai beau screener tout le marché en Daily et Hebdo, je n’ai jamais le critère “1”

  4. Al Wikah • 05/08/2016 #

    Bonjour,
    Aucun retour de résultats
    Pour avoir des résultats j’ai commenté cette ligne :
    // c4 = Volume > 2*(Average[10](Volume))

  5. Al Wikah • 05/08/2016 #

    Sorry,
    l’indicateur fonctionne.
    Je n’avais pas vu les dernières lignes de commentaires
    Merci

  6. pata_tony • 05/08/2016 #

    Hi, i’m not able to see the indicator. Could you please help me? Thanks

    • Nicolas • 05/08/2016 #

      This is not an indicator but a screener, to be used with the ProScreener module.

  7. JOKAMAURICE • 306 days ago #

    Le programme ne se charge pas dans PRT

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