[amibroker] 3 Sma Scanner

["protraderinc" <protraderinc@xxxxxxxxx>]

Hi,

Can a scanner or explorer be written out of the following criterias?

Its a basic MA system I used for forex but want use the idea in stocks.
Simple MA use are 30, 50, 100 SMA. For easy illustration, we will only
talk about uptrend buy signal

- The ma must stack with 30sma to be the first,follow by 50 then 100
uptrend buy signal. Vice versa for sell signal.

- Charts to appear in scan should have price within the 30 and 50 SMA
zone. Price can just have the shadow touching 30sma to be included in
the setup.

- If price close 1 bar below 50sma, I'll consider it to be a riskier
trade. I'll will watch out if it bounce off the next day. If not I'll
void the setup.

I usually visually check the chart for such setup. Very difficult to go
thru all for stocks :(

The idea for this strategy is to find those trending stocks and buying
those that bounce off from the 30-50sma zone. if price drop with a long
candle cutting thru and close below 50sma, in order to enter we need it
to bounce off asap and take the buy signal. If it hang around the area
below 50SMA or around it I'll void the setup. To take the trade simply
you can use price action to time your entry. Such as breakout from a
short term down trendline, MACD Default setting: minimum 4 down
histogram bar and signal entry on the up histogram bar in the SMA Zone.
Or if price is already in the zone and there is a small consolidation in
the zone, Buy at the break of the range top. Plenty of ways to trade.

Hope someone can help construct this SMA scanning criteria.

I'll try to post some snapshots of how such setup can be profitable.

Dave



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