Tuesday, August 3, 2010

Below are some of the custom stock scanner criteria I created:


Iron Condor Candidate scan:
Rationale: Scans for stock that are range bound within a certain percentage move. I want to scan for a stock that has moved less than a certain percentage amount (you can change the amount to your sensitivity level. In order to have enough liquidity I want the underlying to have at least 1million shares traded in that day. The stock needs to be at least $40, so that the options will have adequate premium.

Code:
percentChg(0, 14, 0, close) <10
percentChg(0, 14, 0, close) >-10

Image of the scan setup:






William percent R scan:

This is a scan based on the William %R study used by Price Headley of bigtrends.com
The technical study is a trend indicator. There is a bullish and bearish scan.

Bearish scan:
Rationale: Scan for stocks that will bounce, but the trend is still bearish. Use the bounce as an opportunity to get short again.

Code:
WilliamsPercentR(length = 30) < -72
WilliamsPercentR(length = 30) > -80

Image of the scan setup:





Bullish scan: Stock pull back, but trend is still up. So will go long on the pullback.

Code:
WilliamsPercentR(length = 30) < -20
WilliamsPercentR(length = 30) > -25

Image of the scan setup:

1 comments:

Wonderer.. said...

in the percentChange criteria, how can i also include a time/date range. The criteria i want is to find all stocks that have risen by 30% or more in the last 50 days