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Posted : Saturday, February 11, 2017 12:24:04 PM
Registered User
Joined: 9/8/2015
Posts: 1


How do i create easy scan for breakout set up with condition below?

Price > 5$

4% Breakout to new 20-day highs

Average daily traded volume > 250k shares

Range contraction above 10 and 20 day EMA

Posted : Friday, February 17, 2017 8:55:23 AM

Worden Trainer

Joined: 10/7/2004
Posts: 62,990

The following is guessing to a great extent what you mean by range contraction, but it checks for the range of the current bar to be less than the range of the previous bar with the entire range above both moving averages.

C > 5 AND C >= 1.04 * MAXH20.1 AND AVGV20 > 250000 AND H - L < H1 - L1 AND L > XAVGC10 AND L > XAVGC20

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