Hello,

I would like to ask if the criteria listed below can be formulated into a scan please? The information comes from StockCharts on the On Balance Volume (OBV) description page.

·      60-day Simple Moving Average of Volume for today is greater than 100000

·      60-day Simple Moving Average of Close for today is greater than 10

·      Daily Close for today is less than 65-day Simple Moving Average of Close for today

·      Daily Acc/Dist for today is greater than Daily Acc/Dist Signal(65) for today

·      Daily OBV for today is greater than Daily OBV Signal(65) for today

·      Daily Close for today is less than 20-day Simple Moving Average of Close for today

·      Daily Acc/Dist for today is greater than Daily Acc/Dist Signal(20) for today

·      Daily OBV for today is greater than Daily OBV Signal(20) for today

Bullish Divergence in OBV and ADL: This scan starts with a base of stocks that are averaging at least $10 in price and 100,000 daily volume over the last 60 days. Potential bullish divergences are found by looking for stocks where price is BELOW the 65-day SMA and 20-day SMA, but OBV and the Accumulation Distribution Line are ABOVE the 65-day SMA and 20-day SMA.

Thank you for your help!

Please try the following Condition Formula to check for everything besides the Accumulation Distribution requirements:

AVGV60 > 100000 AND AVGVC60 > 10 AND C < AVGC65 AND OBV > OBV65 AND C < AVGC20 AND OBV > OBV20

To create the conditions for Accumulation Distribution, start by adding the William's Accumulation/Distribution indicator to the chart. Then add 20 and 65-period simple moving averages to the William's A/D indicator. Then click on the William's A/D indicator and select Create Scan Condition to create the conditions.

Create Conditions from Your Chart

You will then add all three conditions to the same EasyScan as EasyScan Conditions.

Building a Scan with Multiple Conditions

Thanks Bruce!

You're welcome.