Retracement Screens - Using the Macd Indicator

Retracement Screens - Using the Macd Indicator Image
RUN IN STOCK SCREENER
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This screen looks for small price retracements based on the macd indicator which is still below '0' but already rising.


Stock Screener Settings

MACD: MACD(12,26,9) Below 0

As a sign of a recent price drop

Today>=0%

first sign of a rebound after decline in stock price

Price: Above 5

To avoid penny stocks

sma20: SMA(20) Above SMA(50)

Medium-term trend still positive

ChartMill Trend: Long Term Trend Positive

Main trend has to be positive

Volume Increase: Volume More Than Previous Volume

Increased volume supports the rebound

Average Volume: 50 SMA > 300K

Minimal liquidity

MACD: MACD(12,26,9) Rising

Indicating a possible reversal

RUN
Chart Settings

20 and 50SMA + MACD-indicator

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.