snappyfrog
745 posts
msg #161873
- Ignore snappyfrog |
7/4/2025 3:25:22 PM
Xarlor, thanks for getting me started with ChatGPT. I am testing everything that it spits out
that I have an interest in trying. So far it is nothing earth shattering, but this is just a start.
Here are the results of my question to help me write a momentum filter for StockFetcher.
Common Criteria for a Momentum Swing Trading Scan:
Price above moving averages (e.g., 20-day and 50-day MA) → shows bullish trend.
High relative strength (RSI), but not overbought (e.g., RSI(14) between 50 and 70).
High volume (volume spike or above average) → indicates strong interest.
Price breakout above recent resistance → suggests momentum breakout.
Optional filters: price range, ATR, market cap, etc.
Explanation:
close is above MA(20) → momentum is positive short-term.
MA(20) is above MA(50) → trend confirmation.
RSI(14) between 50 and 70 → strength but not overbought.
volume > avg vol(10) → confirming interest.
close above high 10 days ago → breakout.
close between 5 and 150 → price filter for liquidity.
optionable → ensures the stock has options available.
sort by % change(1 day) → shows strongest recent movers.
Variations You Can Add:
MACD bullish crossover
ADX above 20 or 25 for trend strength
Gap-up filter (e.g., open 3% above previous close)
Inside bars / consolidation patterns
Would you like me to adjust this scan to focus more on options trading, faster breakouts, or low-float stocks?
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