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Trending Stock Scans
These scans are to find stocks which are either trending up or down based on some objective criteria. That could be the ADX (and Directional Movement) indicator, where price is relative to certain major moving averages or walking up or down a Bollinger Band.
Name Description
1,2,3 Pullback Bullish Rules (via 'Hit & Run Trading'):
  • ADX must be more than 30 and the +DI more than the -DI.
  • Three consecutive lower lows or any combination of 2 lower lows and an inside day.
  • For the buy: tomorrow only, buy 10 cents above today's high.
  • Initial stop: near today's low.
  • Thereafter, use a trailing stop.
    1. 1,2,3 Retracement Bearish Rules (via 'Hit & Run Trading'):
    2. ADX must be more than 30 and the -DI more than the +DI.
    3. Three consecutive higher highs or any combination of 2 higher highs and an inside day.
    4. Tomorrow only, sell short 10 cents below today's low.
    5. Initial stop: near today's high.
    6. Thereafter, use a trailing stop.
      1. Boomer Buy Setup Rules (via 'Hit & Run Trading'):
      2. ADX must be more than 30 and the +DI more than the -DI.
      3. Stock must make two consecutive inside days.
      4. On day 4 (the day after the second inside day) buy 10 cents above the high of the second inside day bar.
      5. Place your initial protective stop 10 cents under the low of the second inside day.
        1. Boomer Sell Setup Rules (via 'Hit & Run Trading'):
        2. ADX must be more than 30 and the -DI more than the +DI.
        3. Stock must make two consecutive inside days.
        4. On day 4 (the day after the second inside day) sell short 10 cents under the low of the second inside day bar.
        5. Place your initial protective stop 10 cents above the high of the second inside day.
          1. Lower Bollinger Band Walk Stocks which are walking down their lower Bollinger Band
            New Downtrend ADX has risen above 25 and Directional Movement is down.
            New Uptrend ADX has risen above 25 and Directional Movement is up.
            Timeframe Trends Stocks in relation to their trends on multiple time frames
            Upper Bollinger Band Walk Stocks which are walking up their upper Bollinger Bands