I'd be grateful for the sharing of information on the most effective way to find the following scenario: a stock which is well capitalised and has good daily volatility and range currently stuck in a consolidation in an otherwise good upward trend. These, I believe can present good opportunities on breakout. But, how on earth do you instruct a scanner to find such a beast?! Please feel free to PM me if that would be better.
Have you tried http://www.stockfetcher.com ?
I should have added that it has a quite active forum and if you post your requirements, chances are somebody will probably have already done it and supply you with a filter or suggestions to create one. From what I remember you don't have to subscribe (its cheap anyway) to join the forum.
I should have added that it has a quite active forum and if you post your requirements, chances are somebody will probably have already done it and supply you with a filter or suggestions to create one. From what I remember you don't have to subscribe (its cheap anyway) to join the forum.
Last edited:
This is the way I do it
I use Metastock, with the Chart Pattern Recognition add-on, based on John Murphy's chart patterns; I scan daily and weekly patterns, triangles being the ones you are looking for; also, you can scan for Double/Triple Tops/Bottoms.
The snag is that you cannot scan for fundamentals on LSE stocks with MS, I think, but maybe this has changed with the updated version, just check on Equis website.
Hope this is of some help.
Eduardo
Hi seancass, I suppose that stocks which are "well capitalised and has good daily volatility" would correspond to Blue Chips, ie., FTSE100 components; they are (very) well capitalised, have low volatility but high liquidity, and usually good daily ranges; FTSE250 components would also qualify, I suppose.seancass said:
I use Metastock, with the Chart Pattern Recognition add-on, based on John Murphy's chart patterns; I scan daily and weekly patterns, triangles being the ones you are looking for; also, you can scan for Double/Triple Tops/Bottoms.
The snag is that you cannot scan for fundamentals on LSE stocks with MS, I think, but maybe this has changed with the updated version, just check on Equis website.
Hope this is of some help.
Eduardo
the blades
Experienced member
- Messages
- 1,336
- Likes
- 275
seancass said:
Sean,
I sound like an advert for these - I'm not connected in any way
www.digitallook.com
The stock screening tool would allow you to fliter for stocks that say for eg;
have risen by >50% in 6 months
risen by >-5<5 in 1 months
you can so add fundamentals, volatilty etc.
It's a basic tool but it should give you a bunch of stocks for further investigation, and it's free.
Good luuck,
UTB
the blades said:Sean,
I sound like an advert for these - I'm not connected in any way
www.digitallook.com
The stock screening tool would allow you to fliter for stocks that say for eg;
have risen by >50% in 6 months
risen by >-5<5 in 1 months
you can so add fundamentals, volatilty etc.
It's a basic tool but it should give you a bunch of stocks for further investigation, and it's free.
Good luuck,
UTB
Thanks guys, all very useful. Something to keep me busy this afternoon!
