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simple
Posted : Wednesday, December 21, 2005 12:19:56 PM
Registered User
Joined: 10/3/2005
Posts: 4
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?
Craig_S
Posted : Wednesday, December 21, 2005 12:24:17 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
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!
Doug_H
Posted : Wednesday, December 21, 2005 12:25:14 PM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
And here's another video that you may enjoy:

EasyScan for stocks pulling back from an uptrend

- Doug
Teaching Online!
simple
Posted : Wednesday, December 21, 2005 1:21:19 PM
Registered User
Joined: 10/3/2005
Posts: 4
Thanks Craig and Doug for the quick response. That is exactly what I was looking for.
Doug_H
Posted : Wednesday, December 21, 2005 1:32:45 PM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
Our pleasure.

- Doug
Teaching Online!
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