About Scanner - Daily Breakdowns with Moving Average & MACD Signal Strategy

Daily Breakdowns Strategy with Moving Average and MACD Signal helps to confirm trend direction and filter false signals.

Strategy Description -

• In this screener the latest candle closes below its open, confirming bearish sentiment.


• It highlights the latest close breaks below the lowest of the last 4 monthly ticks, signaling a breakdown from recent support.


• To ensure reliability, it also filters for stocks with current tick volume greater than the 15-tick average volume, indicating strong selling pressure.


• 9 EMA below the 21 EMA, confirming short-term downtrend strength.


• MACD cross below signal line (MACD Bearish Crossover), indicating strengthening bearish momentum.

Additional Considerations -

• Timeframe: This strategy works best on a daily timeframe.


• Confirm with Volume: Monitor volume closely - Momentum is trustworthy when supported by good average volume.


• Avoid Sudden Spikes: If there’s a huge price move in the last two ticks, stay cautious as volatility may fade quickly.


• Filter Stocks: Apply this strategy to your favorite stock basket or your watchlist.

Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option

Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.