Scanning to Find Trades - Price Crossing Moving Average
-from FreeStockCharts.com
Goal
To isolate stocks in which price is crossing up through a short-term moving average on above average volume.
Category
Price Action, Volume, Scanning, Breakout, WatchList, Moving Average
Method
By using Scan Conditions for Price crossing a moving average coupled with above average volume stocks with
breakout price on volume are identified.
To isolate stocks in which price is crossing up through a short-term moving average on above average volume.
Category
Price Action, Volume, Scanning, Breakout, WatchList, Moving Average
Method
By using Scan Conditions for Price crossing a moving average coupled with above average volume stocks with
breakout price on volume are identified.
Steps
Here is a step-by-step guide for this exercise.
Here is a step-by-step guide for this exercise.
Results
The WatchList has now been reduced to those stocks in the Russell 3,000 in which Price has crossed up through the 20-bar moving average on the last bar while volume is both above its 50-bar average and moving up very fast.
The charts will show both the final price bar to be moving through the 20-bar Simple Moving Average. The volume will be both above the 50-bar Simple Moving Average plot as well as a surging bar.
The WatchList has now been reduced to those stocks in the Russell 3,000 in which Price has crossed up through the 20-bar moving average on the last bar while volume is both above its 50-bar average and moving up very fast.
The charts will show both the final price bar to be moving through the 20-bar Simple Moving Average. The volume will be both above the 50-bar Simple Moving Average plot as well as a surging bar.
Remember
Change the moving averages on price and volume or the slider on Volume Moving Up Fast conditions to get desired values for personalized scan.
Change the moving averages on price and volume or the slider on Volume Moving Up Fast conditions to get desired values for personalized scan.