Hello! I am in search of a way to scan for stocks in ThinkorSwim that look similar to AEO or DAC on the 1Y:1D chart, with predictable upward movement of price in a nearly straight line over a six months or a year timeframe. The key here is that I do not want stocks that have huge and risky one-day price changes.
In my search online, I did find this site that has their own scan technology and methodology. It apparently uses Linear Regression Divergence min and max defined values to perform the scan. I am just needing something similar using ThinkorSwim's stock scanner, although it does not have to use Linear Regression.
My plan is to combine the above needed study with an existing scan that I use that simply uses six copies of the Price Change study using equally increasing (linear) ratios of percentage change and number of bars going back to around a year. I get very strong, mostly linear trending stocks using this scan, but figured there must be a way to limit the results to consistent and friendlier "straight-line" upward price movement stocks.
Can anyone help?
In my search online, I did find this site that has their own scan technology and methodology. It apparently uses Linear Regression Divergence min and max defined values to perform the scan. I am just needing something similar using ThinkorSwim's stock scanner, although it does not have to use Linear Regression.
My plan is to combine the above needed study with an existing scan that I use that simply uses six copies of the Price Change study using equally increasing (linear) ratios of percentage change and number of bars going back to around a year. I get very strong, mostly linear trending stocks using this scan, but figured there must be a way to limit the results to consistent and friendlier "straight-line" upward price movement stocks.
Can anyone help?
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