Tos stock scanner 40/3 swing strategy


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Hi. I saw this question was previously asked but I couldn’t find that it was answered. I would love to be able to to test this out. Thanks

 

I am semi-newish trader and I was wondering if you could help out with a scanner.  If you have already covered this or have something that I could modify to get what I am looking for that would be great.  Here is the setup that I am looking to try and scan for.

Day 1: New 40 Day High.

Day 2-4: Must have lower closing prices, the lows may or may not get lower, but the closing price must get lower each day for 3 consecutive days.

Day 5: Closing price must trade HIGHER than Closing price of Day 4. Close in the upper 20% of the daily trading range.

 

Any help with this would be greatly appreciated if this as at all possible.

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Posted by (Questions: 1, Answers: 1)
Asked on April 5, 2020 7:24 am
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Private answer

I think this should do the job:

def fortyDayHigh = high > Highest(high[1], 40);
def threeLowerLows = fortyDayHigh[3] and low[2] < low[3] and low[1] < low[2] and low < low[1]; plot signal = threeLowerLows[1] and close > close[1];

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Posted by (Questions: 37, Answers: 4079)
Answered on April 5, 2020 8:45 am
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Great. Thanks!
( at April 6, 2020 8:40 am)