Ratu, I now run 4 scans every night on EOD data. I run these against the ASX 300 only. I use FCharts Pro and am happy to share the full formulas.
In general they are:-
(1) Close greater than 4% from previous close + Volume greater than 55% from previous volume. (2) The above + Increasing On Balance Volume + Open less than $1 (3) The above + Increasing On Balance Volume + Open less than $2 (4) Increasing EMA close + Previous Low less than Previous EMA close + High greater than EMA close + Low less than $1
I get from 5 to 15 in the results (some duplicates) and watch these the next day for a continuation of the trend.
