| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
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?
|
|
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!
|
|
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!
|
|
Registered User
Joined: 10/3/2005
Posts: 4
|
Thanks Craig and Doug for the quick response. That is exactly what I was looking for.
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 4,308
|
Our pleasure.
- Doug
Teaching Online!
|
|
|
Guest-1 |