Stock Screening Articles
ChartSmart – Screening Trendline Breakouts and Crossovers
Wednesday December 14, 2005
It use to be that one would use stock chart books, draw trendlines on the charts, then watch to see if the stock price crossed the trend line. There is lots of software out there that will allow you to draw trendlines on them but ChartSmart, as a professional screening tool, takes this to a new level. In ChartSmart you can actually run screens for stocks which have crossed the trend lines that you have drawn on them. I personally know of no other software tool that will allow you do do this. For example, of the 15,000 companies that trade on the Major US and Canadian markets, you can select say 138 companies and draw trend lines on them. On any day maybe 28 companies may have crossed upward into descending trendlines and you could screen these companies out in seconds. Further you can set other parameters to reduce your list of 28 such as specifying they are just on Nasdaq or between a specific price range.
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ChartSmart – Screening Trendline Breakouts and Crossovers
Posted by chartsmart at 11:12 am