Stockcharts - Elder Impulse Scan
The following will scan find stocks that are turning from Elder Impulse Red or Elder Impulse Blue to Elder Impulse Green, and also crossing over the +1 ATR level in the Keltner Channel at the same time. Plus a bunch of other filters which you should be able to see in the code below like a rising 150 day moving average etc.
The purpose of this scan is to find stocks at an earlier point than the breakout, for either short term trading opportunities or to find stocks for your watchlist for future breakouts.
[type = stock]
and [country = US]
and [Daily SMA(200,Daily Volume) > 400000]
and [Daily Elder Bar Green = 1]
and [Yesterdays Daily Elder Bar Green = 0]
and [Yesterdays close <= Yesterdays Upper Kelt Chan(22,1,10)]
and [Todays close > Todays Upper Kelt Chan(22,1,10)]
and [SMA(150) > yesterdays SMA(150)]
and [SMA(200) > yesterdays SMA(200)]
and [SMA(150) > SMA(200)]
and [group is not ETF]
To tweak the scan to only target particular groups you need to add another line with the stockcharts group name which you can find by clicking the SECTORS & INDUSTRIES dropdown and then clicking the Add button. For example if you only wanted to run the scan on the Gold Miners sector then you would add the following:
and [group is GoldMining]
if you add a specific group it will return 0 results on most days, but when the stocks in the sector are in the right position it will return results.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.