Hello all, I am a day trader and wish to create a scan for the continuation of momo stocks for day 2 and 3. I tried adding Price_Change Close is at least 20% greater than 1 bars ago, not sure if this is correct. If anyone could help me out, it'd be greatly appreciated.
Conditions:
1. High relative volume on the first day that marks the maximum
2. The stock has a price increase at the minimum of 20% to a maximum of 100% from day one
3. From day 2, make sure the stock does not lose 50% of the price from day one
4. The stock has borrows available, possibility of a short sale
5. On day 3, check that there are still borrows.
For example, a stock opened at $1.00, it should not exceed $2.00 and the next day it should not lose $1.50. Volume has to be high on the day it goes from $1.00 to $2.00.
Conditions:
1. High relative volume on the first day that marks the maximum
2. The stock has a price increase at the minimum of 20% to a maximum of 100% from day one
3. From day 2, make sure the stock does not lose 50% of the price from day one
4. The stock has borrows available, possibility of a short sale
5. On day 3, check that there are still borrows.
For example, a stock opened at $1.00, it should not exceed $2.00 and the next day it should not lose $1.50. Volume has to be high on the day it goes from $1.00 to $2.00.
