Retracement Screens - Price below SMA20 and above SMA50
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Screening options for a Retracement Strategy based on Moving Averages
In this video i'll go over some price retracement trading screens using the 20, 50 and 200 simple moving averages.
Price: Above 5
stocks priced too low are sometimes too easy to manipulate
sma20: SMA(20) Rising
short term trend is up
Today>=1%
This ensures us that the most recent day within the ongoing price decline closed positively
sma50: SMA(50) Rising
mid term trend is up
Average Volume: 50 SMA > 300K
to ensure that there is sufficient liquidity
Exchange: US Only
personal preference
Price VS SMA: Price Below SMA(20)
defining the price retracement
Price VS SMA: Price Above SMA(50)
to ensure that the decline is contained within the existing trend.
daily charts
Regional Run
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.