Ive extended my system to store the daily scans into a Database. At day I run another scan to capture all stocks that have retraced and store that too.
This would allow me to query a range of reports depending on the view you want.
The tough bit is finding the stocks that are going to bounce. :) Essentially Im looking for descending triangles in code.
In addition dont touch illiquid stocks. Consider Canyoubus advise on that. Use this formula if its easier for u? For hearts: please validate this formula.
illiquid($) = VolumeEMA X (moving Avg of Price) illiquid($) <= 100K
However u find it safer looking for stocks above 500K.
Btw enjoy ur Trading journey. I wished i was trading when i was at uni.
