Hi all,
A little screener that can be very useful for swing traders with stocks. I essentially trade stocks with this kind of screener. This one helped me a lot at my beginnings. Sometimes, on 10 stocks, you can have an “explosive” one, which can increase your money fast (fast means that if you take 0,5% risk per trade, you can sometimes get a winning trade with +2% or 3%…)
It can detect stocks that can start increasing fast, with the following criteria :
On the screenshot, all criterias are here.
In order to take position, don’t forget to draw manually a resistance trend line, that the close must break.
I also always use a stop loss with 0,5% to 1% capital (last swing low, low of the previous range)
// ACTIONS EXPLOSIVES V2
c1 = volume > 2.5* average[20](volume) and volume > 10000
c2 = close > open
c3 = close > average[150](close) and average[150](close) > average[150](close[1])
amplitude = close-open
c4 = amplitude > 5*average[20](amplitude)
c5 = close > bollingerup[20](close)
c6 = average[15](bollingerbandwidth[20](close[1])) < 0.8*average[50](bollingerbandwidth[20](close[1]))
IF c1 and c2 and c3 and c4 and c5 and c6 THEN
ACHAT = 1
ELSE
ACHAT = 0
ENDIF
screener[ACHAT]