Stockbee Low Threshold Breakout (SLTB) | stockbee


Stockbee Low Threshold Breakout (SLTB)

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.


Mactheriverrat said...

Any idea how a code may look using stock fetcher?

Mactheriverrat said...

Any idea what this code would look like using stock fetcher?

Pradeep Bonde said...

No idea. I do not use stock fetcher.