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Reverse

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Reversal
a price pattern suggesting a change in the existing trend

Title:

REVERSE
LONG
(Track2)

We use this scan to search for stock that has been in an downtrend but suggesting a change in the direction of the trend.
With this scan we try to detect stocks for potential long reversal trades.		  
Code:
 MAV20 >=500000 AND we stay away from stocks that trade less than 500,000 shares of the 20-day Volume Average to ensure liquidity (sometimes we use 250,000 instead, depending on market conditions)  
  CLOSE>12 AND to be sure we do not trade cheap stocks (sometimes we use 7$ instead, depending on market conditions)  
  HIGH2 > HIGH1 AND
HIGH1 > HIGH AND
LOW2 > LOW1 AND
LOW1 > LOW
for at least the last 3 trading days, you see lower highs and lower lows  
  CLOSE2 <= OPEN2 AND CLOSE1 <= OPEN1 AND

for at least the last 3 trading days, the closing price each day is below or equal to the opening price

 
  CLOSE >= OPEN AND VOLUME>1.5* MAV20 to be sure that the buyers are in control the last trading day and you would like to see higher than average volume: suggesting a REVERSAL  
Type(s):
reversal
long
  
  MAV20 >=500000 AND CLOSE>12 AND HIGH2 > HIGH1 AND HIGH1 > HIGH AND LOW2 > LOW1 AND LOW1 > LOW AND CLOSE2 <= OPEN2 AND CLOSE1 <= OPEN1 AND CLOSE >= OPEN AND VOLUME>1.5* MAV20

 copy the code from the left into your clipboard (CTRL-C) and paste the code into SwingTracker (CTRL-V) see how to copy/paste and have fun!!!  

Only trade what you like !

Example:

CVG 02/22/2002
1

SwingTracker©

Title:
REVERSE
SHORT
(Track2)
We use this scan to search for stock that has been in an uptrend but suggesting a change in the direction of the trend.
With this scan we try to detect stocks for potential short reversal trades.		  
Code:
 MAV20 >=500000 AND we stay away from stocks that trade less than 500,000 shares of the 20-day Volume Average to ensure liquidity (sometimes we use 250,000 instead, depending on market conditions)  
  CLOSE>12 AND to be sure we do not trade cheap stocks (sometimes we use 7$ instead, depending on market conditions)  
  HIGH2 < HIGH1 AND
HIGH1 < HIGH AND
LOW2 < LOW1 AND
LOW1 < LOW 		for at least the last 3 trading days, you see higher highs and higher lows  
  CLOSE2 >= OPEN2 AND CLOSE1 >= OPEN1 AND

for at least the last 3 trading days, the closing price each day is above or equal to the opening price

 
  CLOSE <= OPEN AND VOLUME>1.5* MAV20 to be sure that the sellers are in control the last trading day and you would like to see higher than average volume: suggesting a REVERSAL  
Type(s):
reversal
short
  
  MAV20 >=500000 AND CLOSE>12 AND HIGH2 < HIGH1 AND HIGH1 < HIGH AND LOW2 < LOW1 AND LOW1 < LOW AND CLOSE2 >= OPEN2 AND CLOSE1 >= OPEN1 AND CLOSE <= OPEN AND VOLUME>1.5* MAV20

 copy the code from the left into your clipboard (CTRL-C) and paste the code into SwingTracker (CTRL-V) see how to copy/paste and have fun!!!  

Only trade what you like !

Example:

PKX 02/22/2002
2

SwingTracker©



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