Title:

CLIMAX0
LONG

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)

LOW <= MIN40_1 AND

to be sure the stock is trading near or at a 2 month low

VOLUME>2* MAV20 AND

today's volume must be double its 20-day average volume

CLOSE > OPEN

the stock must close above its open

Type(s):

reversal

long

Title:

CLIMAX0
SHORT

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)

HIGH >= MAX40_1 AND

to be sure the stock is trading near or at a 2 month high

VOLUME>2* MAV20 AND

today's volume must be double its 20-day average volume

CLOSE < OPEN

the stock must close below its open

Type(s):

reversal

short