This Code sould find very strong oversold Stock on Daily oder Weekly Chart. I Prefer Weekly.
Its from Elders Book.
c1 = (close-lowest(low))/(highest(high) - lowest(low))*100
c2 = c1 < 10
c3 = Average(volume*close) > 3000000
c4 = close*volume > Average(volume*close)
c5 = high > highest(high)
SCREENER [c2 and c3 and c4 and c5 ] (close as "Fallen Angel")
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