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Registered User Joined: 10/3/2005 Posts: 4
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I have read about the term Light Volume Pullbacks where lighter volume on pullbacks tells you that owners are holding their positions believing in the strength of the stock.
How can I identify those stocks that have a price pullback on light volume? I don't know what parameters that are used for the price pullback percent, the light volume percent, or the timeframe for such a calculation. Any thoughts?
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Worden Trainer
Joined: 10/1/2004 Posts: 18,819
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Try this:
Create an EasyScan with the following conditions and limits
Price Percent Change 1-Month (VALUE: 0 to MAX) Price Percent Change 26-weeks (VALUE: 0 to MAX) Price Percent Change 5-day (VALUE: MIN to -1) Volume Surge 5-day (LIST RANK: MIN to 40)
You may also like this technique:
Learn to quickly identify when price and volume are in or out of step
- Craig Here to Help!
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Worden Trainer
Joined: 10/1/2004 Posts: 4,308
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And here's another video that you may enjoy:
EasyScan for stocks pulling back from an uptrend
- Doug Teaching Online!
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Registered User Joined: 10/3/2005 Posts: 4
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Thanks Craig and Doug for the quick response. That is exactly what I was looking for.
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Worden Trainer
Joined: 10/1/2004 Posts: 4,308
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Our pleasure.
- Doug Teaching Online!
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