Education - Inside Stick Scan
This is a real simple scan that I don't take advantage of as often as I should. When I get burned out or bored with the market, I'll trade a "Inside Stick" setup. They are similar to the "Bounce Scan" in that I want the price to be "stretched" from the 50 Day MA. If it works, it'll have some room to run. I trade them long and short, and I consider them short term in nature 95% of the time. It's also important for the days range in the third stick to be narrow, which holds the risk to a minimum. [type = stock] and [country = us] and [daily sma(20,daily volume) > 100000] and [daily close >= 1] and [daily close <= 30] and [2 days ago daily high >= yesterday's daily high] and [yesterday's daily high >= daily high] and [2 days ago daily low <= yesterday's daily low] and [yesterday's daily low <= daily low] Example #1 Example #2