diagonal
spacer

Scan Suggestions

I’m pretty much done with my ascending triangle scanner which lets me spot ascending triangle setups and also ascending triangle breakouts. I run the scan everynight and post up good chart setups here on this blog.

What scanner should I try to make now? Do you guys have any suggestions on a type of scanner that you would like to see (ie scanner for breakouts, candles, uptrend breakdowns, etc)? Leave me a comment if you do, and I’ll definitely give it a shot!



14 Responses to “Scan Suggestions”


By Space4u2go on January 5th, 2006 at 9:34 pm

How about following:

1. very close Bollinger bands is a sign of near future breakout.

2. Double/Triple bottom/top with MACD or STO divergence which is a sign of turn around for that stock

Regards,

By Technicator.NET on January 6th, 2006 at 4:15 am

Where are you making the filters from? I would like one for breakouts in an uptrend continuation off a decent consolidation. See GOOG’s chart.

By dan on January 6th, 2006 at 7:24 am

Hammer candlestick patterns, long lower wick on a longterm chart (preferably stable uptrend/downtrend).

By Will on January 6th, 2006 at 11:12 am

I don’t know if it is possible - but it would be cool to have a scan that can detect after a downtrend, when it starts an uptrend. Don’t know the exact name - but when you can draw a line showing a downtrend and then once the price goes above that it takes off.

By MM on January 6th, 2006 at 2:07 pm

What screener do you use? Thanks I love the site.

By Ron on January 6th, 2006 at 2:32 pm

It would be nice if you try to scan stocks in up trens that makes a pullback of 3 to 5 days down .

( i mean each day the close price is less then previous day for 3 to 5 days down ).

thanks

By JWU on January 6th, 2006 at 4:10 pm

Ron,
I’ve got the scan youre talking about done… I just need to refine it so that it’s more selective so that it produces less garbage.

I’ll be working on the other scans in the next few weeks. Keep the scan ideas coming!!

By Technicator.NET on January 6th, 2006 at 5:24 pm

Scan for stocks whose volume just spiked up and is sustaining that volume (like 5-10x usual volume) with increasing price…This should pick up the early stages of stocks that would later turn into multiple baggers. (stocks that are under $5)

By Space4u2go on January 9th, 2006 at 5:28 pm

Not sure if you can create such a scan but here is what I am looking for….

Scan which can indentify the stocks which has been in established uptrend, has increased >25% in price over last 1-2 months, has ADX of 30+ which means its in a strong trend and the stock recently has started a pullback in last 2-3 days….

Any ides!!!

By JWU on January 9th, 2006 at 6:47 pm

Space,
i think i have an idea on how to do that one.. i’ll try throwing something together tonight

By Trade2much on January 11th, 2006 at 8:22 pm

If you can filter these you are doing well:
1. Stocks in a gradual uptrend
2. Volume is 2 x the 30day ave
3. Just completed a 50%+ retrace of latest climb, and is now 5% off that dip close.
4. CCI is below base 0 line, but pointed north
5. 50 day and 200 day have just intersected 50 going north of 200
6. minimal resistance for the next 30% gain
7. Stock has stayed over its 20MA for 2months
*For the *dividend* part of my portolio I would like:
1. Stocks $15+
2. daily vol over 300k
3. a min 5 yr history of consistent dividend issuing, and an average annual dividend growth record of 10%/yr
4. Current ratio 8 x 1
5. PEG 8%
7. P/E ratio 12 or less
8. Low/mid risk rating by rueters

If you find closed end funds they must have been their industry index last 5 years.

Good Luck I find stocks like these but it is hunt and peck and takes me forever.

By JWU on January 11th, 2006 at 8:50 pm

Trade2Much,
I’ll give it a shot, and I’ll be sure to post up the results if I can get it to work! thanks for the suggestioN!

By mac on January 13th, 2006 at 9:29 pm

jwu,

Have you heard of stock signal pro from Investing Systems? Is there anyone who has tried it with good result. They have a 100% money-back guarantee for a full 90 days. I’m thinking about tring it out.

By GWF on January 27th, 2006 at 12:43 pm

Hello, JWU — my first visit to your blog, and my first post. Your blog looks great, by the way, on first sight — looks like just what I was looking for (being, as I am, an amateur technician of the “Stan Weinstein school”).

I am looking for a tool that I can use to scan for stocks setting up in an “inverse head and shoulders” chart formation. In other words, I’m trying to find a scanning tool to help me automate my prospecting for stocks setting up in an inverse head and shoulders chart formation.

Any ideas?….

Regards,
Gary W. Fuchs / Doylestown, PA

Leave a Comment


Comments: