Was thinking yesterday about “is there is a more simplistic way, where we can list out the stocks with exponential rise in price aka bubbles.” Suddenly this simple thought process strikes my mind. It is a good old classical analysis idea using RSI(2) but on the yearly timeframe with RSI(2)>99.
Open = High and Open = Low is a widely used scanner across the day traders community. Here is the Amibroker exploration code which looks for stocks with matching open and high lows and matching open = low values. This scanner is built in such a way that it works even on lower timeframes (1min, 5min, 15min etc).
Here is the simple prototype for finding first 1 hour cumulative volume for a given script. This helps one to visualize how the volume in the first 1 hour compare to previous trading days.
I had added few more codes to the NMA Buy or Sell Signal to make it exploration possible. The purpose of the Exploration is to
identify the stop loss of any kind of trade at the given time.
Scanning for High Volume Stocks is interest of everyone. But scanning stocks manually from the 1600 stocks is literally time consuming and it is one of the primary requirements of Mr.Brahma Navaluri one of the regular reader of marketcalls.
Now all you need to do is you have to find the list of stocks that had recently made 5/20 EMA crossover from the bunch of NSE Stock pack and also you have to scan the stocks with price value greater than Rs50. And also print the values of 5EMA and 20 EMA values for those corresponding stocks