holistic concpet of 3 indicators – DMI + ADX + PAR
should give a high hit rate.
we need an UP Trend, with strong Trend dynmic and a pro cylcic breakout pattern.
the target is the same length from the low to the breakout – par is the dynamic stop loss.
for indicator lover a nice bread and butter system.
Welles Wilder Strategy
c1= Average(close*volume) > 3000000
c2 = ADX
c3 = DIplus(close) > DIminus(close)
c4 = c2 >= 25
c5 = close < SAR[0.02,0.02,0.2]
c6 = close > SAR[0.02,0.02,0.2]
SCREENER[c1 and c3 and c4 and c5 and c6](c2 as "adx")
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Great scanner Odin. Do you know where I can find -intermediate term breadth momentum oscillator- same as – !ITBMRASPX on stockcharts.com
hi luisella, i think breadth indicators a not available in pro realtime, because you the calculation is just for the single stock you analyze and not for the whole stocks they are listed in the index 🙁
to good to be true dosent do anything))