picking your brains

[dhhus10]

one quick question for you, hope u don't mind. I am an aggressive investor, how would you set up the stock screener if you are looking for the beginning of a trend reversal, (short term). I have had success with using the parabolic sar. with a time period of 0 - 1, and +di crosses -di with 0 - 1 among other combinations.

looking forward to any help you can give me.

dave

[alexchartfilter]

Originally Posted by dhhus10

one quick question for you, hope u don't mind. I am an aggressive investor, how would you set up the stock screener if you are looking for the beginning of a trend reversal, (short term). I have had success with using the parabolic sar. with a time period of 0 - 1, and +di crosses -di with 0 - 1 among other combinations.

looking forward to any help you can give me.

dave

Try this screen out, (I have a few more if you want something more specific). There are some modifications to this screen as listed below. (click to read back ground info on this screen)

technical 1: Bollinger Band center line cross within last 10 days
technical 2: Bollinger Band outband breached within last 2 days

fundamental 1: Volume ratio greater than to 1.1 (click read about vol ratios)
fundamental 2: insert you min volume (30 day average), I prefer at least 500k-1 million shares per day.
fundamental 3: close greater than 3-5$ (you choose the price range you are trading, the smaller the price, the more risk/potential in the move)

It's very important in this screen that during the breakout (ie: price crossing the center & outerband) that the average volume during this cross is higher than before.

You can also swap bollinger bands with keltner channels.

Let me know how that works for you,

Alex