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Swing Low Breakdown Scanner



About Scanner - 3 Months Range Breakdown with ADX Indicator Strategy

Three Months Range Breakdown strategy using the ADX indicator helps to filter false signals and spot strong trend breakdowns.

Strategy Description -

  • It highlights stocks where the latest close is below the latest open, confirming bearish price action.

  • This strategy selects stocks where the latest close is at least 1% below the lowest of the last 60 ticks from the previous tick, indicating a breakdown.

  • It also filters for stocks with current tick volume greater than the 20-tick average volume, indicating selling pressure.

  • It highlights stocks where the ADX is above 20, confirming a strong directional trend.

  • To improve reliability, it filters for stocks showing bearish technical strength.

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.
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