i want to ask that can i be able to create such a screener that which can identify the stocks which are about to breakout, means which are near breakout, so that i can pick them up in the beginning of the stocks journey.
can such screener be created in chartink or any other website. if yes, can you provide me with the scanner if you know.
although, thanks for your extended help.
I track the stocks in the above screeners and enter them after watching their movements for a few days. This gives me time to check if they are news driven breakouts or genuine ones. You can create your own custom screeners if you are following any technical indicators like RSI crossing a level which you consider as a breakout
I track the stocks in the above screeners and enter them after watching their movements for a few days. This gives me time to check if they are news driven breakouts or genuine ones. Around 3-4 trading days is what I track the stock against before making a investment
Plot midpoint of previous month.
Plot open of current month.
If market above both buy, below both sell, in between don’t trade. Simple. Check the results and let me know feedback.