SLTB helps you find another buy point in a stock with established momentum. Not every stock shows up is Stockbee 4% breakout or Stockbee $ breakout scan because they often breakout with lower tyhreshold price or volume move. The SLTB helps you profit from those setups.
SLTB scan for Trend Intensity Above 1.05
minv3.1>=100000 and c>=1 and avgc7/avgc65>=1.05
and c>o and c>c1 and c/c1>c1/c2 and c1/c2<1.02
minv3.1>=100000 looks for stock with atleast 100000 plus volume in last 3 days
c>=1 stock price is above 1
avgc7/avgc65>=1.05 finds stock with Trend Intensity above 1.05 (it gives you stocks with established momentum)
c>o close is above open
c>c1 price today is higher than price yesterday
c/c1>c1/c2 price % change today is > price % change yesterday
c1/c2<1.02 price % change yesterday was less than 2%
SLTB scan for stocks above 200 day moving average
Use this if you want more candidates . This looks for stocks above 200 day MA but that have TI 65 less than 1.05 that had SLTB
minv3.1>=100000 and c>=1 and c>o and c>c1 and c1/c2<1.02 and c/c1>c1/c2 and c>avgc200 and avgc7/avgc65<1.05
Guidelines for selecting setups from these scans are similar to 4% or $ breakout.
Major advantage of SLTB is low risk entries in established momentum stocks.
It can allow working people to find low risk entries which work with next day entry.
It allows you to put very close stops , reducing risk.
It allows you to find good low risk entries on pullback setups.
4 comments:
Any idea how a code may look using stock fetcher?
Any idea what this code would look like using stock fetcher?
No idea. I do not use stock fetcher.
Why do you call it "Low Threshold"? Please elaborate.
Also, you didn't speak much to what specifically you are looking for in the charts, because a lot of them look very similar to the ones you stopped and called out as potentials. From what I gathered, you seem to like the ones with bottom wicks in recent candles, is there more one should be looking for? Thanks Pradeep!
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