Identifying pullbacks to a moving average

Optuma Forums Optuma Scripting Identifying pullbacks to a moving average

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  • #44659
    Darren
    • Topics: 66
    • Replies: 680
    • Posts: 746

    Here’s an example of a scan to show which stocks are above  – but within 2% – of their rising 50-period moving average, but there has been a recent pullback towards it. In this example the pullback is defined by the direction of the 5 day moving average, i.e. it’s sloping down:

    Remember you can open the scan results as a Watchlist and open charts, add additional columns, etc. Then when that workbook is saved and is re-opened the scan will run automatically and the list will be updated. Here’s the current list of the ASX 200 companies that meet the above scan:

    Capture

     

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    #65413
    Louis
    • Topics: 17
    • Replies: 21
    • Posts: 38

    Thank you for posting this!

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