Rising Price with rising Volume

umeshmandal

Well-Known Member
#1
This is what I am doing :

I am shortlisting stocks that meet the following criteria :

CONDITION 1 :
Current Close is > 5 period EMA of Close which is above 200 period EMA of Close

CONDITION 2 :
RSI of 14 period crosses 50

CONDITION 3 :
Current Volume is greater than 5 period EMA of Volume and 30 period EMA of Volume is > 120 period EMA of Volume


Trying to Scan the system at around 3:25 and enter in the stock before close!

I am using Metastock to do it !

I expect these Stocks to make good move in next couple of days !
 

umeshmandal

Well-Known Member
#3
Its very difficult to Scan BSE prices at 3:25 because of the no. of stocks.

Scan done later gave a few stocks , most of which are illiquid or penny stocks.

BSE also gave MAXWELL !
 

umeshmandal

Well-Known Member
#4
Need help in updating prices of all NSE stocks at around 3:20 so that scan can be done at 3:25 ! At present a Data provider helped me for my 'testing' purpose' but they cannot do it on regular basis! Suggest some solution please.
Only cash stocks!
 

Riskyman

Well-Known Member
#5
How do you scan? Do you have a code written for it?
Also you on mt4 or mt5?
 

Riskyman

Well-Known Member
#7
He is using Metastock.
Does MT4/Mt5 has scanning facility ?
If i knew I wouldnt be asking him. I have no clue mate. :)

Edit: Sorry about the confusion with mt4/5 and MS. I wanted to know how to scan with MS. In built feature or you have to write codes.
I have MS as well but never seen/used scan function.
 
Last edited:

umeshmandal

Well-Known Member
#8
If i knew I wouldnt be asking him. I have no clue mate. :)

Edit: Sorry about the confusion with mt4/5 and MS. I wanted to know how to scan with MS. In built feature or you have to write codes.
I have MS as well but never seen/used scan function.
Yes, you need a code to scan! I got it done on payment basis, but it is password protected! It would be a very simple thing to do if any one has the basic knowledge abt coding in MS! I dont know :p hence took assistance!
 

ajeetsingh

Well-Known Member
#9
it can easily done in amibroker
use google data downloader for getting data of cash scrips
from bhavcopy shortlist around 600 stocks which have trading capital of atleat 200 lakhs a day or so
then feed them in downloader for next day
data downloading will take hardly 5 mins at max
amibroker will take 20 sec at max to scan
coding is very simple like c>ema(c,5)
u will get assitance in traderji itself
job is done
some spelling mistake can be in post as typed from mobile


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