The list of top momentum stocks is dynamic, it changes daily as stocks relative ranking changes. When market undergoes correction there are often rapid changes in the list. Momentum favorites reverse or undergo correction and new stocks enter momentum phase. Many stocks will not reverse instead they will go in sideways patterns or form a range. When the selling in general market subsides then the stocks bounce back. That is when you get best opportunities in momentum stocks.
If you are primarily looking to buy a pullback, then one of the variation you can use is to use a 6 month momentum list with one month offset. Which means you look at stocks which were ranked top 2 or 3% a month ago by 6 month momentum. To do that in Telechart you can use a simple scan like (C21 / AVGC126.21) and then take top 2 or 3% ranked stocks by it. What it will give you is stocks which were momentum favorite 21 days ago. Some of them might have reversed , but many of them will be in orderly pullback. They are ideal buy candidates on breakout.
Same scan can be used to find shorts. If you look at the bottom ranked stocks in the scan, they are the stocks which were weakest stocks in last one month and some of them might be having small counter trend rallies currently which can be good low risk short entry points.
If you understand how momentum works and the core concept behind momentum, then you can slice and dice it in many ways.
Top stocks by 6 month momentum: