Reversal
a price pattern suggesting a change in the existing trend
|
Title:
|
REVERSE |
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
 |
|
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
 |
SwingLab: Reverse